Democrats have also raised concerns that the legislation opens the door for major corporations to issue their own private cryptocurrencies.

The US Senate approved spending cuts proposed by President US Donald Trump, eliminating over $9 billion in foreign aid and public broadcasting funding. The bill will return to the House for final approval before the funding deadline.

Elon Musk criticized Trump's revised spending bill, especially its impact on clean energy production, in multiple X posts over the weekend.

Morrison will testify for more oversight on autonomous vehicles to US Senate, which could pose challenges for EV makers like Tesla.

Former DOGE head and tech mogul Elon Musk took to X on his 54th birthday Saturday to bash the latest Senate draft of President Donald Trump's "big, beautiful bill," which would "destroy millions ...

X CEO Linda Yaccarino said she’s stepping down after two bumpy years running Elon Musk’s social media platform.

Elon Musk on Tuesday threw a wrench into Senate Majority Leader John Thune’s (R-S.D.) ambitious plan to get President Trump’s “big, beautiful bill” passed by July 4, calling the ...

CNBC guru Jim Cramer’s reluctance to recommend Tesla (TSLA) stock despite its beaten-down valuation reflects growing investor frustration with CEO Elon Musk’s political entanglements overshadowing the company’s technological innovations.