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Trump ends his relationship with Elon Musk after Musk attacked his tax bill
Donald Trump said on Thursday that he’s done with Elon Musk. Speaking from the White House, the president said Elon had been attacking his tax bill out of personal frustration.
Trump claimed the Tesla CEO was angry over the removal of electric vehicle tax credits and because his preferred NASA nominee, Jared Isaacman, got blocked by the administration. Trump’s announcement followed a full week of Elon hammering the bill on X and calling it a “disgusting abomination.
#ElonsMusk #TrumpFightElon #TradingTales
Donald Trump said on Thursday that he’s done with Elon Musk. Speaking from the White House, the president said Elon had been attacking his tax bill out of personal frustration.
Trump claimed the Tesla CEO was angry over the removal of electric vehicle tax credits and because his preferred NASA nominee, Jared Isaacman, got blocked by the administration. Trump’s announcement followed a full week of Elon hammering the bill on X and calling it a “disgusting abomination.
#ElonsMusk #TrumpFightElon #TradingTales
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Trump ends his relationship with Elon Musk after Musk attacked his tax bill
Donald Trump and Elon Musk have ended their relationship due to disagreements over Trump's tax bill. Trump claims Musk is upset because the bill removes electric vehicle tax credits, which Musk's business benefits from. Musk, however, argues that the bill is a "disgusting abomination" filled with wasteful spending and that he wasn't even shown the bill before it was passed.
Key Points:
- Tax Bill Disagreement: Trump says Musk knew about the EV tax credit cuts beforehand, while Musk denies this, saying the bill was passed too quickly for anyone to read.
- Musk's Reaction: Musk responded with a series of posts on X, calling the bill "big and ugly" and suggesting it should be slimmed down to remove unnecessary spending.
- Campaign Funding: Musk was Trump's largest campaign donor, contributing over $250 million to his 2024 reelection effort.
- NASA Nomination: Biographer Walter Isaacson reveals that Trump's officials blocked Musk's preferred NASA nominee, Jared Isaacman, which Musk saw as a personal betrayal.
- Tesla Stock Impact: Tesla's stock dropped about 4% following the public feud, with shares now down over 20% for the year.
The feud escalated rapidly, with both billionaires exchanging public jabs. Trump suggested Musk misses being in the White House and has "Trump derangement syndrome," while Musk claimed Trump wouldn't have won the election without his support ¹.
#TrumpFightElon #Trumpfight #TRUMP #ElonMusk. #ElonMuskTalks
Key Points:
- Tax Bill Disagreement: Trump says Musk knew about the EV tax credit cuts beforehand, while Musk denies this, saying the bill was passed too quickly for anyone to read.
- Musk's Reaction: Musk responded with a series of posts on X, calling the bill "big and ugly" and suggesting it should be slimmed down to remove unnecessary spending.
- Campaign Funding: Musk was Trump's largest campaign donor, contributing over $250 million to his 2024 reelection effort.
- NASA Nomination: Biographer Walter Isaacson reveals that Trump's officials blocked Musk's preferred NASA nominee, Jared Isaacman, which Musk saw as a personal betrayal.
- Tesla Stock Impact: Tesla's stock dropped about 4% following the public feud, with shares now down over 20% for the year.
The feud escalated rapidly, with both billionaires exchanging public jabs. Trump suggested Musk misses being in the White House and has "Trump derangement syndrome," while Musk claimed Trump wouldn't have won the election without his support ¹.
#TrumpFightElon #Trumpfight #TRUMP #ElonMusk. #ElonMuskTalks
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