#TrumpVsMusk
The feud between Donald Trump and Elon Musk has escalated, with both billionaires exchanging blows on social media. Here's what's at stake ¹:
- *What's Behind the Feud*: The breakup began when Musk criticized Trump's spending bill, calling it a "disgusting abomination" that would increase the national debt. Trump fired back, suggesting Musk was being ungrateful after benefiting from their alliance.
- *Consequences for Musk*:
- *Loss of Government Contracts*: Trump threatened to revoke government contracts worth billions of dollars for Musk's companies, including SpaceX and Tesla. This could impact SpaceX's $22 billion in government contracts and $3 billion in contracts with 17 government agencies.
- *Financial Impact*: Tesla's stock plummeted 14%, wiping out $150 billion in market value, and Musk's personal net worth dropped by $34 billion.
- *Consequences for Trump*:
- *Financial Backlash*: Musk could use his financial clout to fund campaigns against Republicans, potentially hurting Trump's future endeavors.
- *Revelations and Disclosures*: Musk might use information gathered during their alliance to make damaging revelations about Trump, including claims that Trump is mentioned in the Epstein files.
- *The Role of X (formerly Twitter)*: Musk's platform, with over 220 million followers, gives him a significant advantage in shaping public opinion. He could use this platform to air grievances against Trump and potentially mobilize support against him.
It's unclear who will emerge as the bigger loser in this spat, but both Trump and Musk are likely to face significant consequences.