Complete breakdown of Trump-Musk fallout: Tesla's market value evaporates by $150 billion. Is Vance's fortune suddenly rising?

On June 5 local time, the discord between Musk and Trump became fully public, with both sides using terms like 'disappointment', 'ingratitude', 'impeachment', and 'crazy' to attack each other.

1. Background of the fallout: The tax reform bill passed in the House has caused dissatisfaction from Musk, who claims that the bill will lead to bankruptcy in the U.S. and increase the deficit. Additionally, Trump's cancellation of the electric vehicle 'mandate' and withdrawal of Musk's favored NASA director candidate may also be reasons for Musk's betrayal.

2. The trigger: Trump expressed disappointment in Musk regarding their relationship, hoping that Musk would criticize him instead of the tax reform bill, stating that he could win Pennsylvania in the election without Musk's assistance, and predicting that Musk would start speaking ill of him.

3. Musk opens up the rhetoric box, taking on Trump's prediction:

① Criticizing the bill again, saying he has never seen it (at that time, Musk was still the leader of DOGE), he complained about cuts to electric vehicles and solar measures while oil and gas subsidies remained untouched.

② Directly pointing out Trump's ingratitude, stating that without Musk's help, Trump would lose the election, and that the seats in both the House and Senate would be unfavorable for the Republicans.

③ Digging up old stories, retweeting Trump's tweets from over a decade ago about reducing the deficit, mocking him for forgetting his original intentions and how things have changed.

④ Voting for a new political party, initiating a poll on the X platform asking 'Should a new political party representing the middle 80% be established in the U.S.' and pinning it.

4. Trump retaliates, claiming Musk is crazy: Trump said Musk was in poor condition before and told him to leave DOGE, resulting in Musk going crazy. Trump also threatened to terminate his government subsidies and contracts. He openly stated that he didn't mind Musk opposing him, but that he should have done so months earlier.

5. Musk drops major bombshells, countering threats and calling for impeachment: Musk claims the reason the Epstein case documents have not been released is that Trump is in those records. In response to Trump's contract cancellation threats, he stated that the Dragon spacecraft (which greatly relies on U.S. manned space activities) should be decommissioned immediately. Additionally, Musk agreed to impeach Trump and let Vance take his place. He predicts that Trump's tariffs will cause the U.S. economy to decline in the second half of the year. Musk has retweeted and replied to posts criticizing Trump more than ten times on X.

6. Impact:

① During the escalation of insults between the two sides, Tesla's market value evaporated by $150 billion in a single day, setting a record in the company's history and collapsing the originally stable U.S. stock market, with Trump's media technology group falling by 8%.

② The discord between the two crypto moguls triggered a sell-off in the crypto market, with Ethereum dropping over 8% and Bitcoin falling by $3000.

③ Insiders revealed that White House aides held multiple meetings today to discuss the impact of Musk's tweets.

④ The prediction platform Kalshi bets on a 49% chance of Trump being impeached again.

⑤ Former senior advisor to Trump, Bannon, calls for Musk to be expelled from the country.

⑥ Senate Republican leader Thune stated that the conflict between the two sides will not affect the Senate's tax bill process.

7. Easter egg: As of this morning, more than 2.2 million votes have been cast, with over 80% of netizens supporting Musk in establishing a new political party in the U.S.

$DOGE $TRUMP #加密市场回调