1. It All Started with Trump’s $1.6 Trillion Spending Bill
President Trump introduced a massive bill to:
• Cut $1.6 trillion in federal spending
• Eliminate subsidies for EVs and clean energy
• Warned taxes would rise by 68% without it
• Called it “one of the greatest bills ever”
This directly threatened Elon Musk’s companies, like Tesla and SpaceX.
⚡️ 2. Musk Publicly Blasts the Bill
Elon Musk:
• Called the bill “trash” and “favoring oil and gas”
• Said it was filled with “dirty and unnecessary details”
• Claimed he never even saw the bill before it was introduced
• Warned it would hurt innovation and lead to higher debt
💻 3. The Online War Begins
Trump posted:
• “I helped Elon a lot. He’s only mad because I cut EV subsidies.”
• “He didn’t oppose it until he found out I was saving money by cutting his deals.”
• “Even Biden didn’t have the guts to cut Elon off!”
Musk fired back:
• “I’ve never even seen the bill!”
• “Without me, Trump would’ve lost the election.”
• “Trump’s name is in the Epstein files—that’s why they haven’t been released!”
⚔️ 4. From Feud to Open Threats
• Trump: Ended federal contracts/subsidies for Musk’s companies
• Elon: Warned Trump’s tariffs will cause a recession by late 2025
• Musk supported impeachment and floated JD Vance as Trump’s replacement
📉 5. Market Meltdown
• Tesla stock dropped 17%, wiping out $100 billion in market value
• Musk lost $34 billion in a day
• Nearly $1 billion in crypto was liquidated
• Investors panicked over political risk and future EV policy
🧨 Summary
What started as a budget debate exploded into a personal and political war:
• Trump is cutting off Elon’s funding and contracts
• Musk is targeting Trump’s reputation (Epstein claims, impeachment)
• The clash now impacts markets, politics, and possibly the 2025 economy
#TrumpVsMusk #MarketPullback #BlackRockETHPurchase #CryptoNewss #MarketSentimentToday
