Musk and Trump: From Allies to the Twitter "Drama" of Mutual Attacks, Do You Really Understand It?
Recently, the public dispute between billionaire Elon Musk and former U.S. President Donald Trump has attracted significant attention. This dispute began at the end of May when Musk repeatedly posted on social media, criticizing the "Big and Beautiful Act" supported by Trump.
Musk considered the act "disgusting," filled with political donations, and warned that it could lead to a $2.5 trillion increase in the U.S. deficit. In response, Trump recently hit back on Truth Social, threatening to cancel government contracts with Tesla and SpaceX, and implied that Musk was "mentally unstable" and needed to exit politics.
In reply, Musk hinted at Trump's relationship with the late sex offender Jeffrey Epstein and accused Trump of hiding key documents. Trump, on the other hand, privately mocked Musk as a "politically ignorant upstart" and rejected Musk's suggestion to ease technology restrictions on China.
This war of words ultimately evolved into substantial commercial retaliation, with Musk announcing the withdrawal of $300 million in sponsorship for the Republican midterm elections and lowering the priority of Starlink services in Florida.
It is worth noting that this is not the first public conflict between the two. As early as April, Trump's trade advisor Peter Navarro clashed with Musk, leading to a 15% drop in Tesla's stock price.
This escalating billionaire showdown not only exposes the fragility of the U.S. political-business relationship but also raises new speculation about the upcoming election situation.
As the conflict between the two public figures intensifies, people are curious and concerned about their future relationship and the potential impact on politics and the economy.
Opinion:
In this seemingly intense war of words, one cannot help but wonder whether this could be a carefully orchestrated hype by both sides? Aimed at creating panic through their influence on social media, forcing retail investors to sell off assets;
Then, insiders may take the opportunity to accumulate shares at low prices, profiting when the market recovers. Therefore, investors maintaining rational judgment and adhering to long-term value investing is key to coping with market volatility.