Musk vs. Trump Feud Shakes Tesla and $TRUMP Coin
A public fight between Elon Musk and Donald Trump caused big losses for both Tesla and the cryptocurrency TrumpCoin $TRUMP . It all started on June 3 when Musk criticized a huge government spending bill backed by Trump. Things got worse when Musk accused Trump of being tied to Epstein — an accusation he later deleted.
As the drama unfolded, Tesla’s value dropped by $152 billion, and TrumpCoin lost over $100 million. Though Musk later apologized, saying his posts “went too far,” the damage was done. While Trump was angry at first, he later accepted Musk’s apology. Meanwhile, U.S. agencies like NASA and the Pentagon are reviewing their ties to Musk’s companies.