So, it's official: President #TRUMP is getting rid of his Tesla. Two senior officials confirmed on Friday that he is parting ways with the red Model S he picked up just a few months ago, in March, supposedly to show support for Elon Musk. That support? Very much over.
What began as a romance between technology and politics has now turned into a public feud — with insults, threats, and billions at stake. Trump has no intention of calling Musk, according to the White House, and Musk also doesn't seem very eager to fix things (although he is sending mixed signals).
Behind the scenes, Musk has been trying to tone things down quietly. On Thursday, he backed off a threat to cancel SpaceX's Dragon missions, the spacecraft that sends astronauts and supplies to the International Space Station for NASA. Shortly after, hedge fund billionaire Bill Ackman intervened with a classic rich person's olive branch, saying the two should bury the hatchet "for the good of our great country." Musk responded: "You're not wrong."
But even with that, the consequences could become costly. For Musk, it's not just personal — it's business. His companies have secured billions in federal contracts, with more on the way. If $TRUMP follows through on his threats to cancel those contracts, Musk could face serious losses.
Trump is not immune either. Musk spent about $275 million to help him get elected in 2024 — and had promised another $100 million for pro-$TRUMP
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groups before the midterm elections of 2026. That money has not yet arrived, and after this week, it seems unlikely that it ever will.
So now, we have a president publicly discarding his Tesla, a billionaire backing off threats to NASA, and a once-powerful alliance crumbling in real-time. All with huge political and financial stakes.