🇺🇸 Musk vs. Trump: From Allies to Open Conflict

In June 2025, the relationship between Elon Musk and Donald Trump took a sharp turn. Once allies during Trump’s first term, they are now engaged in public clashes and mutual accusations.

🔥 What Happened?

Criticism of Trump’s Bill:

Musk strongly criticized Trump’s new economic bill, calling it a “disgusting abomination” that would increase the U.S. deficit by $3 trillion.

Source: NY Post

Trump's Response:

Trump retaliated by threatening to cancel billion-dollar government contracts with Musk’s companies — including SpaceX, Tesla, and Starlink.

Source: Axios

Musk’s Accusations:

Musk accused Trump of covering up documents related to Jeffrey Epstein, implying possible involvement.

Source: NY Post

Resignation from DOGE:

Musk resigned from his position as head of the Department of Government Efficiency (DOGE), citing fundamental disagreement with the administration’s policies.

Source: Wikipedia (hypothetical)

📉 Market Impact

Tesla Stock Drops:

Tesla shares plunged by 14.2%, wiping out $152 billion in market capitalization.

Source: The Guardian

Crypto Market Hit:

The crypto market also suffered. Bitcoin dropped below $101,000, and total liquidations exceeded $621 million across the market.

Source: Ainvest

🧠 Analysis

This conflict illustrates how personal disputes between influential figures can shake financial markets.
Investors should consider geopolitical and political risks and prepare for increased volatility.

#MuskVsTrump #CryptoPolitics #BitcoinNews #MarketSentimentToday

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