#TrumpVsMusk

From Allies to Adversaries ๐Ÿšจ

The once-strong alliance between President Donald Trump and tech billionaire Elon Musk has dramatically unraveled, capturing national attention.

What Happened:

Policy Disagreements: The feud ignited when Musk criticized Trump's "One Big Beautiful Bill Act" on his platform X, denouncing it for cutting healthcare for the poor, increasing immigration enforcement funding, and removing electric vehicle subsidies.

Personal Attacks: Musk escalated tensions by alleging that Trump's name appears in the confidential Jeffrey Epstein files, suggesting this as a reason for their non-disclosure.

Retaliation: In response, Trump threatened to cancel federal contracts with Muskโ€™s companies, suggesting Musk's opposition stemmed from losing EV subsidies.

Market Impact:

Tesla's stock experienced a significant drop, closing down 14% following the public spat.

The value of Trump's meme coin also declined amid the controversy.

Looking Ahead:

The White House has arranged a call between Trump and Musk in hopes of reconciliation. However, the fallout has already caused ripples across political and tech communities, with figures like Steve Bannon calling Musk a national security risk and demanding government seizure of Musk's companies like SpaceX and Starlink.

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