#TrumpVsMusk
šØ Trump vs. Musk Feud Sends Shockwaves Through Markets
Last night, tensions exploded on X as Elon Musk and Donald Trump clashed publicly. Musk slammed Trumpās $4 trillion budget bill, calling it a ādisgusting abomination.ā Trump fired back, threatening to cut government contracts with Tesla and SpaceX. Musk didnāt hold backāclaiming he was key to Trumpās 2016 win and alluding to past controversies.
The fallout was immediate. Tesla shares plummeted between 5% and 14%, wiping out nearly $100 billion in market value overnight. Bitcoin dropped 4% to around $100,700, and the crypto market followed, slipping 3%. Over 227,000 traders were liquidated, totaling $983 million.
This very public feud has shaken investor confidence and triggered major volatility across traditional and crypto markets. When two powerful figures go head-to-head, the ripple effect is real.
š Markets are watching. Stay sharp, stay informed.