Suyay
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#TrumpVsMusk without return?
The historic relationship between Donald Trump and Elon Musk has taken a new turn on July 2, 2025, with a verbal escalation that is already impacting the market and politics.
After Musk labeled the spending bill proposed by Trump—known as the 'Big Beautiful Bill'—as a 'repugnant aberration' for exacerbating the national debt by trillions, the founder of Tesla and SpaceX warned that he might create an alternative political party, called the 'America Party', if it were to be approved.
Trump, for his part, responded harshly.
In public statements and posts on Truth Social, he criticized Musk's reliance on federal subsidies, even suggesting cutting funds and removing state contracts with Tesla and SpaceX.
He also hinted at the possibility of reviewing Musk's citizenship—irrelevant due to being naturalized—or even considering deportation to South Africa.
Musk's response was swift: he called for an immediate elimination of all federal subsidies ('I am literally saying CUT IT ALL. Now.') and stated that although he was 'tempted' to escalate the dispute, he would hold back for now.
The exchange has already impacted the stock market: Tesla's shares fell between 5% and 7%, wiping out about 7 billion dollars from Musk's net worth.
In summary, this Trump-Musk confrontation transcends verbal disputes; it represents a struggle over the future of public spending, subsidies for clean energy, and the role of business in politics.
And although it remains open, it is already causing tangible consequences in the markets and the national debate.
The historic relationship between Donald Trump and Elon Musk has taken a new turn on July 2, 2025, with a verbal escalation that is already impacting the market and politics.
After Musk labeled the spending bill proposed by Trump—known as the 'Big Beautiful Bill'—as a 'repugnant aberration' for exacerbating the national debt by trillions, the founder of Tesla and SpaceX warned that he might create an alternative political party, called the 'America Party', if it were to be approved.
Trump, for his part, responded harshly.
In public statements and posts on Truth Social, he criticized Musk's reliance on federal subsidies, even suggesting cutting funds and removing state contracts with Tesla and SpaceX.
He also hinted at the possibility of reviewing Musk's citizenship—irrelevant due to being naturalized—or even considering deportation to South Africa.
Musk's response was swift: he called for an immediate elimination of all federal subsidies ('I am literally saying CUT IT ALL. Now.') and stated that although he was 'tempted' to escalate the dispute, he would hold back for now.
The exchange has already impacted the stock market: Tesla's shares fell between 5% and 7%, wiping out about 7 billion dollars from Musk's net worth.
In summary, this Trump-Musk confrontation transcends verbal disputes; it represents a struggle over the future of public spending, subsidies for clean energy, and the role of business in politics.
And although it remains open, it is already causing tangible consequences in the markets and the national debate.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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