#TrumpVsMusk

On June 5, 2025, a sharp conflict erupted on social media between U.S. President Donald Trump and Tesla and SpaceX owner Elon Musk.

The public nature of the conflict escalated after Trump criticized Musk at a press conference in the White House for his comments on the Republican bill regarding the extension of tax benefits and the budget.

Trump emphasized that Musk was aware of the text of the bill.

Musk responded on social media. He called it a lie that he was informed about the details of the bill concerning the cancellation of benefits for car manufacturers.

Trump accused Musk of instability and threatened to cancel government contracts with his companies, which could have serious consequences for SpaceX and Tesla.

This conflict has already affected the cryptocurrency market and may have further repercussions.

The decline in value of $ TRUMP, the decrease in the value of Dogecoin, and other major cryptocurrencies such as Ethereum, Solana, and Cardano have also noted losses.

This indicates market instability against the backdrop of political conflicts.