In the intertwining of modern politics and business, the relationship between Trump and Musk was once seen as a powerful alliance.
However, over time, the relationship between the two giants gradually deteriorated, culminating in a public feud on social media.
The rupture of the ally relationship
"The relationship between Trump and Musk was initially based on shared political goals and business interests."
Musk had strongly supported Trump in the 2024 U.S. presidential election, even donating hundreds of millions to assist his campaign.
However, this relationship did not last long. With Trump promoting the (Beautiful America Act), cracks began to appear between the two.
Controversy over the (Beautiful America Act)
(Beautiful America Act) is a comprehensive budget and policy bill from the Trump administration aimed at continuing tax cuts and reducing support for the new energy industry.
This is unacceptable for Musk, as Tesla's success largely relies on electric vehicle tax credits and carbon credit systems.
The passage of the bill means Tesla will lose important policy support, directly affecting its financial performance.
Public confrontation on social media
On June 6, Musk dropped an information bomb on social platform X, 'accusing Trump of appearing in Epstein's documents,' which quickly sparked heated discussions on social media.
"The climax of the public confrontation between the two"
Trump responded by claiming Musk was ungrateful and threatened to terminate Tesla's contracts with the government.
The shocks of business and politics
This conflict not only affected the relationship between the two but also had a significant impact on the market.
Tesla's stock price plummeted more than 14%, with a market value evaporating by $150 billion.
Investors worried that Trump would cut off government support for Musk's business empire, further exacerbating market anxiety.
Cracks in the crypto empire
Meanwhile, cracks also appeared within Trump's crypto empire.
Disagreements arose between the Trump family's DeFi project and the Trump token collaboration, leading to market turmoil.
This internal instability further reflects the division within Trump's team.
Conclusion
The relationship between Trump and Musk transitioned from political allies to open confrontation, reflecting the complexities of modern politics and business.
In this public feud of the century, the two not only diverged on policy but also engaged in intense confrontation in public opinion.
The impact of this conflict goes far beyond the personal relationship of the two, becoming a typical case of the intertwining of politics and business.
