#TrumpVsMusk The relationship between Donald Trump and Elon Musk, which was previously a strategic alliance between political power and technological wealth, has now turned into an open conflict that shakes the political and business landscape of the United States.
🔥 Beginning of the Feud: Criticism of the "One Big Beautiful Bill"
This feud began when Elon Musk openly criticized Trump’s flagship bill, "One Big Beautiful Bill," which he called "disgusting" for increasing the budget deficit by $2.5 trillion and eliminating incentives for electric vehicles and clean energy. Musk believes this bill contradicts the principles of efficiency that he previously championed while leading the Department of Government Efficiency (DOGE), an agency created by Trump to streamline federal bureaucracy.
💥 Escalation of Conflict: Attacks on Social Media
After Musk's criticism, Trump expressed his disappointment and accused Musk of acting in his personal business interests. In response, Musk called for Trump's impeachment and accused him of being involved in the Jeffrey Epstein case, although without clear evidence. Trump then threatened to cancel government contracts with Musk's companies, including Tesla, SpaceX, and Starlink.
📉 Economic and Political Impact
This conflict has significant impacts on the markets and politics:
Tesla: Its stock plummeted 14%, wiping out about $150 billion in market value and $20 billion from Musk's personal wealth.
Trump Media: Experienced a decline in value of more than 8%.
Federal Investigations: Musk's companies are now facing investigations from various US government agencies.
Republican Party: Musk is considering establishing a new political movement, which could threaten the internal cohesion of the party and national political stability.
🤝 From Allies to Enemies
Previously, Musk was a major supporter of Trump, donating over $290 million to the 2024 election campaign and leading DOGE. However, differences in views regarding fiscal and energy policies have caused a rift in their relationship, which has now evolved into intense public hostility.
