#TrumpVsMusk #MarketPullback #ClaimYourReward
The relationship between Donald Trump and Elon Musk has taken a dramatic turn, with both parties engaging in a heated public feud. The tension began when Musk criticized Trump's proposed "One Big Beautiful Bill," a sweeping tax-and-spending package that Musk believed would explode the deficit. Trump, however, remained adamant about the bill, dismissing Musk's concerns.
What the Sparked the Fallout?
The rift between Trump and Musk escalated when Musk announced the retirement of SpaceX's Dragon spacecraft, just hours after Trump threatened to cancel government contracts tied to Musk's companies. Musk accused Trump of being named in the sealed Jeffrey Epstein files, claiming that's the "real reason" they've never been fully released.
A Scheduled Call That Never Happened
Reports emerged of a scheduled private conversation between Trump and Musk, but the President claimed he's "not particularly interested in talking" to Musk, stating that the Tesla boss has "lost his mind." Trump's chief of staff, Susie Wiles, confirmed that there are no plans for a call, and the White House said there are "no calls on the books."
Market Impact
The feud had an immediate impact on Tesla's stock price, which plunged over 14% in a single day, wiping out approximately $150 billion in market value. However, the stock clawed back some losses following reports of the scheduled conversation between Musk and Trump.
Key Quotes from the Feud
- Musk on Trump's Bill: "I think a bill can be big or it could be beautiful. But I don't know if it could be both."
- Trump on Musk: "The man who has lost his mind."
- White House Press Secretary Karoline Leavitt: "The President already knows where Elon Musk stands on this bill. It doesn't change the president's opinion."
International Reactions
Russia has weighed in on the feud, with Foreign Ministry spokeswoman Maria Zakharova telling Elon Musk to "not be upset." The ongoing spat between Trump and Musk has sparked widespread interest, with many watching to see how the situation unfolds ¹.
