The gloves are OFF! The simmering tensions between tech titan Elon Musk and former U.S. President Donald Trump have exploded into a full-blown public feud, and the repercussions are already sending shockwaves through the markets – with Tesla's stock plummeting and billions wiped off its market value!
At the heart of this high-stakes showdown is Trump's controversial "One Big Beautiful Bill Act." Musk, never one to shy away from strong opinions, has vehemently slammed the sweeping domestic policy bill, labeling it "utterly insane and destructive." His core criticisms? A significant increase to the federal deficit and, notably, new taxes on renewable energy – a direct hit to the very industries Musk's companies, like Tesla, champion.
But Musk didn't stop at criticism. He's upped the ante, threatening to fund primary challenges against any Republican who dares to support the bill. And in a move that's set the political world abuzz, he's even proposed launching a brand new "America Party" – a political force he envisions as staunchly pro-Second Amendment and pro-Bitcoin!
Naturally, Trump, known for his swift and often fiery responses, wasn't about to back down. He retaliated with a chilling threat: cutting subsidies to Musk's electric vehicle giant, Tesla, and space exploration pioneer, SpaceX. Adding insult to injury, Trump even hinted that the Department of Government Efficiency (DOGE) – a body Musk himself once advised – could be unleashed to investigate Musk's sprawling business empire.
The market's reaction has been immediate and brutal. On July 7, 2025, Tesla's stock plunged by nearly 7% in premarket trading, a staggering decline that could potentially erase an eye-watering $70 billion in market value. This isn't just a spat; it's a financial earthquake with global implications.
What does this unprecedented feud mean for the future of renewable energy, the tech industry, and even the political landscape? One thing is clear: the ripple effects of this high-profile clash are just beginning to unfold.
Stay tuned – this is one battle that's far from over!