Elon Musk and Donald Trump are in a huge fight. 🥊
At the end of May, U.S. President Donald Trump introduced a $2.4 trillion legislative package titled “One Big Beautiful Bill,” which included tax cuts, Medicaid reductions, increased border spending, and a rise in national debt. The proposal was harshly criticized by Elon Musk, who called it a “disgusting disgrace” and urged Republican lawmakers to reject it.
In response to Musk’s criticism, Trump threatened to revoke government subsidies provided to Musk’s companies. Musk retaliated by threatening to deactivate SpaceX’s Dragon spacecraft, a move that could directly impact NASA, and publicly stated that Trump should be removed from office.
The conflict soon turned personal. Musk linked Trump to Jeffrey Epstein, while Trump declared he no longer wished to speak with Musk. The feud severely damaged their relationship on political, economic, and personal fronts.
The tension led to a sharp decline in Tesla stock, which fell by more than 15%, erasing $160 billion from its market value. Musk’s influence within the Republican Party also weakened, and his companies SpaceX, Neuralink, and Starlink became more vulnerable to various investigations.
Despite the fallout, Musk asserted that Trump could not win the 2024 election without his support. Meanwhile, Dubai-based billionaire Hassan Sajwani publicly backed Musk. These developments underscored the breakdown in the Trump-Musk relationship and signaled a highly uncertain path for their future interactions.
