The feud between Donald Trump and Elon Musk is escalating, with massive political and financial implications. Here are the key points ¹:
- The Fallout: Trump dumped his Tesla Model S, a symbol of his support for Musk, sparking a public feud. Musk had spent $275 million supporting Trump's 2024 run, with another $100 million pledge for pro-Trump groups ahead of 2026.
- Behind-the-Scenes Tension: Musk walked back a threat to pull SpaceX's Dragon missions for NASA, a crucial federal contract, indicating he knows pushing too hard could be bad for business.
- Peacemaking Efforts: Billionaire Bill Ackman urged the two to bury the hatchet "for the benefit of our great country." Musk responded casually, "You're not wrong," but tensions remain.
- Financial Implications: Musk's companies, including Tesla, SpaceX, and Neuralink, have received billions in federal contracts. Trump's threats to cut these deals could cause financial pain for Musk.
- US Vice President's Take: JD Vance believes Musk is making a "huge mistake" by feuding with Trump and hopes the Tesla CEO will "come back into the fold." Vance thinks the spat isn't in the national interest and worries reconciliation might not be possible now that Musk has gone "nuclear".
This public feud could reshape the political landscape and impact the future of US tech and federal spending.
#TrumpVsMusk #EDGENLiveOnAlpha #TrumpVsMusk
