MAGA Reacts to Elon Musk's Feud With Donald $TRUMP
🚨 The once-strong alliance between Elon Musk and Donald Trump has fractured, igniting a political and financial storm.
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⚖️ Political Fallout
Musk's Critique: Elon Musk publicly criticized Trump's $2.4 trillion spending bill, labeling it a "disgusting abomination."
Trump's Retaliation: In response, Trump accused Musk of having "lost his mind" and threatened to revoke federal contracts with Musk's companies.
MAGA's Stance: The MAGA community largely sided with Trump, celebrating the end of the Musk-Trump alliance.
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📊 Market Impact
Tesla's Decline: Tesla's market valuation dropped by $138 billion, with Musk's personal net worth decreasing by $34 billion.
Trump Media's Dip: Shares of Trump Media & Technology Group fell 8% amid the public feud.
Cryptocurrency Impact: Trump's cryptocurrency, $TRUMP, experienced a 12% decline following Musk's allegations linking Trump to the Epstein files.
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🔮 Looking Ahead
Musk's hint at forming a new political entity, "The America Party," has garnered significant online support, potentially reshaping the political landscape.
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📌 Summary
The Musk-Trump feud has not only disrupted political alliances but also triggered substantial market volatility, affecting stocks and cryptocurrencies alike.
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