Gavin Newsom Mocks 'BFF' Elon Musk With '$1 Trillion Bill' – Tesla (NASDAQ:TSLA) – Benzinga
Gov. Gavin Newsom (D-CA) on Thursday criticized the President Donald Trump Administration’s decision to introduce a $250 bill featuring a portrait of the President.
In a post on the social media platform X, Newsom’s official Press Office handle touted a new “$1 trillion bill” featuring Newsom and “bff Elon Musk!”
During a Press Briefing by Treasury Secretary Scott Bessent, Bessent said that the Treasury was preparing in case a bill in the House of Representatives was passed that would allow living persons to be featured on currency notes.
The bill has been introduced by Rep. Joe Wilson (R-SC). The bill seeks to “amend the Federal Reserve Act to require the Secretary of the Treasury to print $250 Federal reserve notes featuring a portrait of Donald J. Trump, and for other purposes.”
Meanwhile, the President’s approval rating fell to 39%, according to a new poll by Emerson College. The rating is a new record low for Trump following his second term at the White House since January 2025.
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
Photo courtesy: Mijansk786 on Shutterstock.com
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.
Gavin Newsom slams Trump for not caring about gas prices amid Iran war, warns of cascading effects on economy and criticizes trade policies.
The post then said that Musk’s various enterprises, like Tesla Inc. (NASDAQ:TSLA) and SpaceX, “would be nothing without California's subsidies, generous corporate incentives, talent pool, and manufacturing base!”
Musk and Newsom have faced off against one another in the past, with the California Governor calling the Tesla CEO one of the biggest “disappointments,” and saying that California’s favorable regulatory environment played a role in the billionaire’s successes.
The SpaceX CEO, on the other hand, has criticized Newsom over the proposed California High-Speed Railway, alleging fraudulent activities, as well as over California’s proposed one-time tax on the state’s billionaire residents.
Democratic Gubernatorial candidate Xavier Becerra pledges to scrap Newsom's high-speed rail project in current form in favor of efficiency.
