#TrumpVsMusk The feud between Donald Trump and Elon Musk started heating up recently over a major government spending bill. Here's what's happening ¹:
Key Points in the Feud
- *The Spending Bill*: Musk is criticizing a multitrillion-dollar tax and spending bill, calling it "the biggest debt increase in history" and threatening lawmakers who voted for it.
- *Musk's Threats*: Musk said lawmakers who campaigned on reducing government spending but voted for the bill should "hang their head in shame" and promised to help primary them next year.
- *Trump's Response*: Trump responded by accusing Musk of being upset over losing electric vehicle (EV) subsidies and hinted that Musk could lose more than just that, including government contracts for his companies SpaceX and Tesla.
- *Deportation Comments*: Trump even joked about possibly deporting Musk, who is a naturalized US citizen, saying "I don't know, we'll have to take a look".
- *Musk's Caution*: Musk responded cautiously, saying it's "tempting to escalate this" but he will "refrain for now".
Background
- *Previous Alliance*: Musk and Trump had a close relationship, with Musk spending $250 million to help elect Trump and even attending his inauguration.
- *Public Fall Out*: The public feud started when Musk began criticizing Trump's spending bill, leading to a significant drop in Tesla's stock value ².
Potential Consequences
- *Loss of Subsidies*: Musk's companies could lose government subsidies and contracts if Trump follows through on his threats.
- *New Political Party*: Musk has also threatened to form a new political party, the "America Party", if the bill passes ¹ ³.