TRUMP vs. ELON: Political Feud Shakes the Markets! 🚨
Former President Donald Trump took aim at Elon Musk:
🗣 “Want to save billions from the budget? Cut off Elon’s government subsidies — shockingly, Biden still hasn’t done it.”
Elon Musk fired back hard:
🗣 “BIG REVEAL: Trump is named in the Epstein files. That’s the real reason they’ve been kept classified!”
The markets took a major hit from this war of words:
$TSLA (Tesla) shares dropped by 17%
$DJT (Trump Media) shares fell by 8%
Another blow from Musk:
🔻 “Trump’s tariffs will cause a recession in the second half of the year.”
Additionally, SpaceX announced it has begun the retirement process of its Dragon spacecraft in response to Trump’s call to “cancel contracts.”