The conflict between President Donald Trump and billionaire Elon Musk has erupted into a fierce verbal battle. The cause of this conflict stems from Mr. Musk condemning President Trump's comprehensive tax cut and spending bill.

In a press conference in the Oval Office, President Trump criticized Tesla CEO Elon Musk and even threatened to cut government contracts with Mr. Musk's companies. Mr. Trump believes that the easiest way to save money in the government's budget is to end subsidies and government contracts for Elon Musk.

Elon Musk responded by suggesting that President Trump should be impeached. Mr. Musk also argued that President Trump's special tariffs would push the U.S. into recession by the end of this year.

This conflict has triggered strong reactions from the financial market. Tesla's stock dropped 14.3% after President Trump criticized Mr. Musk.

This situation is being closely monitored by investors and economic experts. The conflict between President Trump and Elon Musk could have significant impacts on the U.S. and global economies.