#CryptoFees101 The clash between Musk and Trump impacts Tesla stock
According to BlockBeats, tensions between Elon Musk and U.S. President Donald Trump have escalated, leading to a public dispute on social media. Musk claimed that Trump would not be able to become president without his support, while Trump countered that Musk had "gone crazy."
The conflict arose after Musk publicly opposed Trump's "Great and Beautiful Act," arguing that it would increase the budget deficit and reduce tax credits for electric vehicles, negatively affecting Tesla. As their disagreement became public, Tesla's stock took a significant hit, with investors selling off shares due to concerns about the company's future.