đ´ Trump Dumps Tesla Amid Intensifying Feud with Musk
Break in the alliance: President Trump is ending his use of the red Tesla ModelâŻS he purchased earlier this year, signaling the end of his brief alliance with Elon Musk .
Feud escalates publicly: Musk denounced Trumpâs massive new tax-and-spending bill as fiscally irresponsible, calling it a âdisgusting abominationâ on X. Trump struck back, labeling Musk âcrazyâ and accused him of âTrump Derangement Syndromeâ .
Federal contracts hanging by a thread: Trump has threatened to review or terminate billions of dollars in federal contracts for Muskâs companiesâSpaceX alone faces approximately $22âŻbillion in exposed deals; Musk initially warned of pulling SpaceXâs Dragon spacecraft from ISS missions before backtracking .
Market shockwaves: The dispute wiped out roughly $150âŻbillionâ$152âŻbillion in Tesla market value in a single day. Tesla shares plunged ~14% following the fallout but rebounded slightly after Musk softened his stance .
Political and financial fallout: Musk had invested nearly $300âŻmillion into Trumpâs 2024 campaign and promised more for 2026âbut that appears withdrawn now. Trumpâs stance threatens both tech-industry alignment and government funding for Musk-led programs .
đ The Bottom Line
What began as a synergistic relationship has fractured into a public confrontation left unresolved. Teslaâs stock nosedived, Muskâs federal deals are at risk, and the once-solid political bond has dissolvedâpotentially costing both men dearly.
#TrumpVsMusk #MarketPullback #TRUMP #ElonMuskTalks #ElonMusk.
