Musk and Trump spent the whole day insulting each other. What did they say?

Trump's 'economic nationalism' is irreconcilable with Musk's global business landscape, so parting ways is inevitable. However, the current conflict may be a 'double act,' with Musk publicly criticizing to shift public pressure while retaining his position as a senior advisor; Trump, on the other hand, uses this to appease the hawks within his party and pave the way for the midterm elections. This 'decent breakup' can maintain a façade of opposition while continuing cooperation in key areas.

Back to the main topic, let's first discuss what the two of them have been ranting about all day:

(1) Trump:

First, the accusation of betrayal against Musk

Trump stated on the 'Truth Social' platform that Musk 'knew months ago' that the government would revoke the electric vehicle 'mandate,' but only opposed it after the provision was canceled, calling it 'betrayal of allies for personal gain.' He emphasized that Musk previously supported the overall framework of the 'big and beautiful' tax reform bill but changed his position only after realizing his own interests were harmed.

Next, the threat to terminate government subsidies and contracts

Trump explicitly stated through social media that he would terminate Tesla and SpaceX's government subsidies and contracts 'in the simplest way' by cutting budgets. Specific measures include:

Revoking the nomination of Musk's ally Isaacman as NASA director; threatening to terminate SpaceX's NASA launch contract worth billions of dollars; considering cutting Tesla's federal electric vehicle subsidy (up to $7,500 per vehicle).

Then, Trump questioned Musk's political influence.