$USDC Musk

Break in the alliance: President Trump is ending his use of the red Tesla Model S he purchased earlier this year, signaling the end of his brief alliance with Elon Musk .

Feud escalates publicly: Musk denounced Trump’s massive new tax-and-spending bill as fiscally irresponsible, calling it a “disgusting abomination” on X. Trump struck back, labeling Musk “crazy” and accused him of “Trump Derangement Syndrome” .

Federal contracts hanging by a thread: Trump has threatened to review or terminate billions of dollars in federal contracts for Musk’s companies—SpaceX alone faces approximately $22 billion in exposed deals; Musk initially warned of pulling SpaceX’s Dragon spacecraft from ISS missions before backtracking .

Market shockwaves: The dispute wiped out roughly $150 billion–$152 billion in Tesla market value in a single day. Tesla shares plunged ~14% following the fallout but rebounded slightly after Musk softened his stance