Origin of the contradictions
On May 22, the U.S. House of Representatives passed the tax reform bill proposed by the Trump administration, which was described by the Trump administration as 'large and beautiful.' However, it included clauses that eliminated subsidies for electric vehicles and solar energy, marking the beginning of the conflict between the two.
Development of contradictions
• On May 27, a few days before leaving the 'Government Efficiency Department,' Musk expressed that he was 'disappointed' with the tax reform bill, stating that it undermined the work of the 'Government Efficiency Department.'
• On June 1, Musk stated that the 'Government Efficiency Department' he led had become a 'scapegoat,' and dissatisfaction with the U.S. government had intensified.
• On June 4, Musk intensified his attack on the tax reform bill, calling on the public to 'kill' the bill, while Trump stated that the debt ceiling should be completely abolished.
Public feud (June 5)
• Trump stated at the White House that he was 'very disappointed' in Musk, claiming Musk was unhappy due to the government's cancellation of electric vehicle 'mandates,' also stating that Musk knew the details of the bill beforehand and turned against him because it affected the electric vehicle subsidies, threatening to terminate his government subsidies and contracts.
• Musk quickly rebutted on social media, stating that the bill had never been shown to him and was rushed through late at night, criticizing the Trump administration for canceling new energy incentives while retaining oil and gas subsidies.
• Trump again posted that Musk had 'lost patience' and had 'gone crazy.'
• Musk fired back again, accusing Trump of lying, posting old tweets mocking him, and stating that Trump couldn't win the 2024 election without him. He initiated a poll for the establishment of a third political party, even retweeting calls for Trump's impeachment and for Vice President Vance to take over, while also revealing that Trump's name appeared in Epstein's court documents, criticizing Trump's tariffs for causing a recession in the U.S. in the second half of the year.
Impact on relevant parties
After their mutual tearing, Tesla's market value rapidly evaporated by over $150 billion, and the stock price once plummeted by 16%.
