Ongoing Clash Poses Financial and Political Risks for Both
President Donald $TRUMP is planning to sell his Tesla and has no intention of reconciling with Elon Musk, according to two senior administration officials. The move marks a sharp escalation in their increasingly public feud — one that has drawn national attention and now threatens to carry real political and financial consequences for both men.
A White House official, speaking on condition of anonymity, confirmed Friday that Trump intends to part ways with the red Tesla he purchased in March. The car was initially meant as a show of support for Musk, who had been facing backlash over his perceived alignment with $TRUMP . But officials now say the president is no longer interested in engaging with Musk — even after the billionaire appeared to soften his stance.
On Thursday night, Musk backed off an earlier threat to “immediately” suspend SpaceX’s Dragon spacecraft operations — a key component of NASA’s ability to transport astronauts and supplies to the International Space Station. Shortly after that announcement, billionaire investor Bill Ackman called on both men to reconcile “for the good of the country.” Musk replied, “You’re not wrong.”
Still, tensions remain high — and the implications are serious. Musk’s companies, especially SpaceX, have received billions in federal contracts, with more in the pipeline. $TRUMP has now threatened to cancel those agreements entirely — a decision that could severely impact Musk’s operations.
But #TrumpVsMusk also risks losing out. Musk, currently the world’s richest man, donated approximately $275 million to support Trump’s
2024 campaign and had pledged another $100 million toward pro-Trump groups for the upcoming 2026 midterms. That funding is now in question as the standoff drags on.
