#TrumpVsMusk
🚀 From Allies to Adversaries
The once-strong alliance between U.S. President Donald Trump and tech mogul Elon Musk has dramatically unraveled, culminating in a public and contentious feud.
🔹 Timeline of the Fallout
▪️ May 30, 2025: Trump praises Musk's contributions during a formal Oval Office farewell, with Musk pledging continued support.
▪️ Early June 2025: Musk criticizes Trump's "One Big Beautiful Bill," labeling it fiscally irresponsible.
▪️ Trump expresses disappointment in Musk, threatening to revoke government subsidies.
▪️ Musk retaliates by threatening to decommission SpaceX’s Dragon spacecraft, potentially impacting NASA operations.
▪️ Musk accuses Trump of being named in Jeffrey Epstein's files and calls for his impeachment.
🔹 Economic Impact
▪️ Tesla shares plummet over 14%, erasing $152 billion in value.
▪️ Concerns arise over potential cancellation of Musk's government contracts, worth an estimated $38 billion.
🔹 Political Ramifications
▪️ The feud jeopardizes Musk’s influence on Republican politics and raises concerns about regulatory risks to his companies.
▪️ A prolonged feud could impact Republican control of Congress in upcoming midterm elections.