#TrumpVsMusk

The feud between Elon Musk and Donald Trump started gaining momentum in June 2025, over disagreements on the "One Big Beautiful Bill Act". Here's what's been happening ¹ ²:

- *Bill Disagreement*: Musk criticized the bill for increasing the debt ceiling by $5 trillion, calling it "insane spending" and threatened lawmakers who voted for it. Trump responded by suggesting Musk's companies benefit from government subsidies and hinted at investigating these contracts.

- *Public Jabs*: Trump said Musk was "upset" about losing the electric vehicle mandate, while Musk denied this, stating his concern is about rising government debt. Musk also threatened to form a new political party, "The America Party", if the bill passes.

- *Past Relationship*: Musk and Trump have had a tumultuous relationship, with Musk previously praising Trump and contributing over $290 million to his presidential campaign. However, they've also had public disagreements, including Musk accusing Trump of withholding information about Jeffrey Epstein in June 2025.

- *Recent Developments*: On July 1, 2025, Musk said he'd donate to Rep. Thomas Massie's reelection campaign, who opposed Trump's bill. Trump also jokingly mentioned possibly deporting Musk, despite Musk being a naturalized US citizen.

- *Market Impact*: The feud has affected Trump's media company shares and Musk's business ventures, including a potential $5 billion debt sale for xAI. Musk lost an estimated $34 billion in June 2025, partly due to Tesla's stock plummeting 15% ¹.

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