Trump and Musk's Feud Escalates: A Timeline of Events
The once-friendly relationship between Donald Trump and Elon Musk has taken a dramatic turn, with both parties engaging in a heated public feud. Here's what's unfolded so far¹:
- The Fallout Begins: Tensions rose after Musk criticized Trump's tax cut bill, calling it a "disgusting abomination" that would increase the federal deficit. Trump responded by accusing Musk of betrayal, saying, "I helped him a lot, now he's betraying him".
- Musk Fires Back: Musk swiftly retaliated on his X account, claiming Trump wouldn't have won the election without his support. He also suggested Trump's ties to Jeffrey Epstein were the reason Epstein's files hadn't been made public.
- Tesla Shares Plummet: The online crossfire led to a significant drop in Tesla's stock value, with shares losing over 14% and wiping out approximately $152 billion in market value.
- Trump Threatens Government Subsidies: Trump took to Truth Social to respond, threatening to terminate government subsidies for Musk's companies. "The easiest way to save billions of dollars is to cut Elon's government subsidies," he posted.
The Reasons Behind the Rift
The feud appears to have started over disagreements on the tax cut bill and electric vehicle incentives. Trump claimed Musk knew about the removal of EV tax credits, while Musk argued the bill was rushed through Congress without his intention
This public clash between Trump and Musk is expected to have far-reaching implications for the world of technology, politics, and economy. Expect new statements, showdowns, and potentially even bigger shocks as the situation unfolds.#TrumpVsMusk #TrumpTariffs $BTC 
