A recent spat between Elon Musk and Donald Trump drew public attention. Musk criticized the new spending bill, stating that it would lead to an increase in the debt burden on U.S. citizens. In response, Trump expressed dissatisfaction with the entrepreneur's position and hinted at possible cuts to government subsidies for his companies.
Market reaction
After a public exchange of accusations, Tesla's shares plummeted, losing about 15% of their value in just a few hours. Shares of the media company Trump Media & Technology Group also showed a decline, losing 11%.
Cryptocurrency 'quib
Interesting fact: Shortly before the conflict, Trump gifted Musk a symbolic 'golden key' to the White House. In response, Musk announced the launch of the meme cryptocurrency 'DOGE Key', hinting at his previous role in the Department of Government Efficiency.
Political effect
Against the backdrop of escalating relations, Musk conducted a poll on social network X about creating a new political party. More than 80% of 2.5 million users supported this idea, which could lead to further political consequences.
This conflict between two iconic figures affects not only financial markets but also the political situation in the U.S., and its development remains a subject of close attention.
