Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk expressed disappointment with President Donald Trump‘s massive spending package, saying that the legislation “undermines the work” that the Department of Government Efficiency team is doing. The comments come as bond markets react sharply to fiscal concerns surrounding the $3.8 trillion bill.

What Happened: “I was disappointed to see the massive spending bill frankly, which increases the budget deficit, not just decrease it and undermines the work that the DOGE team is doing,” Musk told CBS News in a short interview clip published on Tuesday.

Musk added his philosophy on legislation: “A bill can be big or it can be beautiful but I …

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