What’s going on between Trump and Elon Musk?
So many things happening, Circle IPO is out in the market trading at 71$, causing Halt temporarily. But the most interesting thing is going in between Trump and Elon.
Recently, Trump threw some serious shade at Elon Musk during a rally. He said:
“The easiest way for the government to save money is to cut the billions and billions of dollars in subsidies going to Elon Musk.”
Ouch.
This came after Elon criticized the U.S. government pretty harshly. He said the federal budget deal (which Trump supported) was:
“A disgusting abomination.”
Elon was pissed that $1.7 trillion in spending passed without anyone really reading the bill, and without any plan to reduce the country’s $34 trillion debt.
He basically said, “You can’t just keep spending like crazy and hope for the best.”
Elon also claimed he wasn’t consulted on this big spending plan, even though he was literally appointed to co-head the new “Department of Government Efficiency (DOGE)” — a hilarious name, considering his love for Dogecoin.
So now Trump’s likely thinking:
“Oh, you don’t like my spending plan? Fine, let’s cut your money then!”
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🥊 TL;DR:
• Elon criticized the government’s insane debt and Trump-backed spending bill.
• Trump clapped back by threatening to cut off Musk’s subsidies.
• Billionaire bromance: officially on pause.
