Musk–Trump Feud Sparks $26–34 Billion Wealth Loss

On June 5, 2025, Elon Musk publicly attacked former President Donald Trump over his “One Big Beautiful Bill,” labeling it a "disgusting abomination." Trump retaliated with threats to pull federal subsidies and contracts from Musk’s companies—and even threatened to cut EV tax credits worth $1.2 billion annually .

market is FACING the crisis.