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Trump Just Dumped His Tesla — And the Musk Feud Is Getting Expensive
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Binance Square Article: Crypto Market Pulse - June 7, 2025
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Latest Crypto News: June 6, 2025 – Binance Square
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#TrumpVsMusk The relationship between the richest man in the world and the most powerful one has spectacularly exploded, as Elon Musk publicly agreed Donald Trump should be impeached and linked him to the late sex offender Jeffrey Epstein. Musk stepped down from his role as a special government employee on 28 May after showing discontent with Trump’s tax spending bill, officially known as the One Big Beautiful Bill Act, but had until this week stayed relatively restrained in his remarks.But in series of posts on Thursday, the tech billionaire turned aggressively against the president, who had also begun publicly mocking Musk. “Time to drop the really big bomb: Donald Trump is in the Epstein files. That is the real reason they have not been made public. Have a nice day, DJT!” Musk wrote. His comments came after Trump threatened to cut subsidies for Musk’s companies as it would save “billions” and accused Musk of acting out of self-interest.
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⚡ Public Feud Over “Big Beautiful Bill” Elon Musk, who recently stepped down from heading the Department of Government Efficiency (DOGE), blasted Trump’s One Big Beautiful Bill Act as a “disgusting abomination”—criticizing its $1.5–2.4 trillion addition to the deficit . n turn, Donald Trump launched a harsh counterattack—threatening to revoke government contracts for Tesla and SpaceX, mocking Musk on social media, calling him “the man who has lost his mind,” and stating he’s not “particularly” interested in talking . 📉 Market Fallout & Political Stakes Tesla’s stock dropped ~14–15% in a single day, erasing roughly $150 billion in market value—its worst plunge since the pandemic . Musk also stirred controversy by accusing Trump of being connected to the Epstein files, raising deeper political tensions . 🕊️ Is a Reconciliation Possible? Despite the acrimony, there are hints of de‑escalation: Musk appears to be softening, citing calls from advisors like Bill Ackman for peace . White House aides reportedly tried to set up a private call—but as of June 6, no such call has happened and Trump says he’s not keen on any conversation . 🔍 Perspective: The Rise and Fall of a Bromance Their relationship evolved dramatically: from Musk acting as a top advisor during Trump’s 2024 campaign and leading the DOGE, to now clashing over fiscal policy, debt, and public accusations . The feud underscores the volatility of tech–political alliances when policy priorities clash. ▶️ Bottom Line Key Point Status Feud catalyst Musk’s blistering criticism of Trump’s deficit‑heavy bill Trump’s response Threats to Musk’s businesses and public mockery Financial damage Massive stock plunge—Tesla lost ~$150B in a day Reconciliation? Private call proposed but canceled; Trump not interested yet Ongoing Musk hinting at retreat; Trump remains defiant #TrumpVsMusk #EDGENLiveOnAlpha #BinanceAlphaAlert #MyCOSTrade #SaylorBTCPurchase $BTC $BNB $ETH
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