🚨 *BREAKING: Trump Declares Relationship with Elon Musk is Over* 🇺🇸
President Donald Trump has publicly stated that his relationship with Elon Musk is "likely over," following a heated dispute over the recently passed "One Big Beautiful Bill"—a sweeping tax and spending package. Musk criticized the bill as a "disgusting abomination," citing concerns over increased government spending and deficit implications . In response, Trump expressed disappointment in Musk and dismissed the possibility of reconciliation, asserting that "Elon’s totally lost it" .
🔍 *Key Developments:*
- *Musk's Critique:* Elon Musk, formerly part of Trump's administration as head of the Department of Government Efficiency (DOGE), parted ways with Trump on amicable terms. However, tensions escalated after Musk's public criticism of the bill, leading to a series of exchanges on social media and television .
- *Trump's Response:* Trump retaliated by threatening to cancel government contracts with Musk’s companies, while Musk countered with bold statements regarding SpaceX. Despite the market volatility, analysts believe the spat will have minimal long-term impact on Tesla's business .
📈 *Market Impact:*
- *Tesla Stock:* Following the public fallout, Tesla's stock experienced a temporary 14% drop, resulting in a $34 billion hit to Musk's net worth .
- *Analyst Outlook:* Despite the market volatility, analysts believe the spat will have minimal long-term impact on Tesla's business, including its upcoming robotaxi launch in Austin, expected to significantly boost the company's market value .
🔮 *Predictions:*
- *Political Landscape:* The rift between Trump and Musk could lead to shifts in political alliances, with figures like Vice President JD Vance potentially emerging as unifying leaders within the Republican movement .
- *Tech Industry:* Musk's departure from Trump's circle might influence his future political contributions and involvement, potentially affecting the tech industry's relationship with the current administration.