❓ What’s Going On?
In early June 2025, a dramatic and highly public feud broke out between Elon Musk, CEO of Tesla and SpaceX, and President Donald Trump. Their spat unfolded on social media platform X (formerly Twitter) and sent shockwaves through both the political world and global financial markets — especially crypto.
---
💥 Where Did It Start?
The drama began over a Republican-backed bill known as the "One Big Beautiful Bill" — a sweeping tax and spending package that:
Increases the U.S. budget deficit by $1.5 trillion
Cuts key electric vehicle tax credits, directly harming Tesla
Musk publicly slammed the bill as “short-sighted and anti-innovation,” warning it would derail America's clean energy progress.
---
⚡ The Feud Escalates
Trump didn’t hold back. He:
Threatened to cancel all federal contracts with Tesla and SpaceX
Accused Musk of being "ungrateful" and "overrated"
Musk hit back even harder:
Called Trump "a relic clinging to past glories"
Suggested founding a new political party independent of Republicans and Democrats
Hinted Trump was connected to Jeffrey Epstein’s files — an explosive and controversial claim
---
📉 Immediate Fallout
The market response was swift and brutal:
Tesla stock plunged 14% in a day, wiping out $152 billion in market value
Bitcoin dropped over 4%, nearing the $100,000 mark
The $TRUMP token, created by Trump supporters, fell 12%
This incident underlined just how volatile and politically sensitive the crypto market has become in 2025.
---
🎭 Behind the Scenes in Politics
The feud triggered deeper rifts inside the Republican Party:
Musk withdrew from GOP fundraising efforts
Trump loyalists like Steve Bannon called for investigations into Musk and for government contracts with his companies to be terminated
---
📌 Final Thoughts
This Musk–Trump clash is more than just a battle of egos. It’s a sign of how billionaires and politicians now wield outsized influence over markets, tech, and even political stability.
> ⚠️ For crypto investors, it’s a wake-up call: politics and personality feuds can now shake the market just as much as economic data or regulation.
