, June 29 -- Elon Musk intensified his criticism of President Donald Trump's extensive tax and spending cuts package on Saturday, warning that the legislation, which Senate Republicans are urgently trying to advance, would jeopardize American jobs and future industries.

"The latest version of the Senate bill will wipe out millions of American jobs and deal a massive strategic blow to the country," Musk posted on X, hours before the Senate held a procedural vote to initiate debate on the nearly 1,000-page bill. "It props up outdated industries while undermining those critical to the future."

The billionaire CEO of Tesla and SpaceX, who also celebrated his birthday Saturday, later called the bill "political suicide for the Republican Part...