#TrumpVsMusk

The public feud between President Donald Trump and Elon Musk has intensified, with significant political and economic ramifications. 

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🔥 Origins of the Feud

The conflict began when Musk criticized Trump’s “One Big Beautiful Bill Act,” particularly its elimination of electric vehicle (EV) subsidies, which directly impacts Tesla. Trump responded by threatening to terminate federal contracts with Musk’s companies, including SpaceX and Tesla, citing potential savings of “billions and billions of dollars.”  

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💥 Escalation and Accusations

• Musk’s Allegations: Musk accused Trump of ingratitude, highlighting his substantial financial support during the 2024 election. He further alleged, without evidence, that Trump appears in unreleased Jeffrey Epstein files, suggesting this as a reason for their concealment. 

• Trump’s Retort: Trump expressed disappointment in Musk, stating, “Elon and I had a great relationship. I don’t know if we will anymore.” 

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📉 Economic Impact

• Tesla’s Market Value: Tesla shares plummeted by 14%, resulting in a loss of $267 billion in market value. 

• SpaceX Contracts at Risk: Approximately $22 billion in government contracts with SpaceX are threatened, potentially benefiting competitors like Rocket Lab and AST SpaceMobile. 

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🤝 Signs of Reconciliation

Despite the heated exchanges, there are indications of a possible thaw. Musk retracted his threat to decommission SpaceX’s Dragon spacecraft, and a call between the two is reportedly scheduled. Trump downplayed the feud, stating, “It’s going very well, never done better.”