Trump and Musk… A relationship sours Publicly sparking political and economic turmoil
The once-close relationship between US President Donald Trump and billionaire Elon Musk has deteriorated dramatically, culminating in a public feud marked by sharp criticisms, political accusations, and significant market repercussions.
The rift began when Musk, who had served as a top White House advisor, resigned and openly criticized Trump’s sweeping tax and spending package, calling it “abominable and disgusting.” Trump responded by expressing his disappointment, stating, “Elon and I had a great relationship… I don’t know if we’ll continue to have that relationship”.
The tension escalated further when Musk claimed that without his support, Trump and congressional Republicans would have lost the 2024 elections.
Trump dismissed this, asserting he would have won key states like Pennsylvania regardless of Musk’s involvement.
The dispute took a financial toll as Tesla shares plummeted by 9% following Trump’s remarks, wiping out nearly $90 billion from the company’s market value.
Investors grew increasingly concerned about the fallout between the two influential figures, with Musk’s close ties to Trump appearing to harm Tesla’s brand and sales.
The conflict reached new heights when Musk approved a post on X, calling for Trump’s impeachment, prompting Trump to label Musk as “crazy” and accuse him of pushing electric car mandates.
Musk retaliated by referencing Trump’s alleged ties to the Epstein case and suggesting the need for a new political party representing the middle class.
“Is it time to form a new political party in the United States that represents 80% of the middle class?”
Musk posted, signaling his desire to reshape the political landscape.
Trump threatened to cut off Musk’s government contracts, which could impact Tesla and SpaceX.
Musk responded defiantly, stating SpaceX would immediately begin decommissioning its Dragon spacecraft.
The exchange grew more personal as Musk reposted an old Trump tweet criticizing budget deficits, while Trump accused Musk of benefiting from government subsidies.
The feud shows no signs of abating, with Musk’s posts on X far outpacing Trump’s activity on Truth Social.
Meanwhile, Trump’s budget bill faces challenges in Congress, with critics warning of its potential to inflate the federal deficit.
As the conflict continues, the fallout extends beyond personal animosity, affecting markets, political alliances, and public discourse, leaving observers to wonder whether the two powerful figures will reconcile or if their rift will deepen further.
