Key event: Musk and Trump publicly clashed over the 'Big and Beautiful' tax reform bill, with both sides engaging in a verbal war on social media. Trump threatened to cancel Musk's companies' government subsidies, leading to Tesla's market value evaporating by over $150 billion in a single day.
Musk: Trump should be impeached
After Trump made his comments about Musk, Musk quickly responded on social media, rebutting, 'Completely wrong, this bill was never shown to me, and it was rushed through late at night!'
Trump: Musk is crazy
Seemingly in response to Musk's criticism, U.S. President Trump later posted on his social media platform, stating that he demands Musk to leave and rescinded Musk's push for a mandatory electric vehicle 'mandate', resulting in 'Musk going crazy'.
In addition, Trump also issued a threat to Musk, stating that the easiest way to save money in the billions of dollars budget is to terminate Elon Musk's government subsidies and contracts.
