TRUMP & ELON Feud: Billionaire Bromance BLOWS UP!

TRUMP & ELON Feud: Billionaire Bromance BLOWS UP!
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A surprising and intense feud has erupted between former President Donald Trump and billionaire Elon Musk, ending their once-close alliance and sending shockwaves through politics and markets. Here’s a simple, clear explanation of what happened, why it’s important, and what it means going forward.

“Disgusting Abomination”

The immediate fuse for this explosive confrontation was Elon Musk’s scathing critique of a massive spending bill – dubbed by President Trump as the “One Big Beautiful Bill.” Musk, the CEO of Tesla and SpaceX, didn’t mince words on his social media platform, X, declaring the legislation a “disgusting abomination.”

His main grievances? That the bill would dangerously increase the national debt and, crucially for his empire, eliminate tax credits for electric vehicles. This bill, a cornerstone of Trump’s legislative agenda, clearly hit a raw nerve with Musk.

The Dialogue of Destruction

The back-and-forth swiftly escalated from policy disagreement to deeply personal attacks, playing out in real-time on social media and in official statements.

Initially, Trump seemed to downplay Musk’s early criticisms. But soon, the former president’s patience wore thin. Speaking from the Oval Office, Trump stated, “I’m very disappointed in Elon. I’ve helped Elon a lot.” He hinted that Musk’s anger stemmed from the loss of EV subsidies and suggested that Musk had become “wearing thin” during his advisory role in the administration. “Elon was ‘wearing thin,’ I asked him to leave, I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!” Trump wrote on his Truth Social platform.

Then came the threat that sent shivers through the market: “The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts. I was always surprised that Biden didn’t do it!” Trump declared.

Musk, not one to back down, fired back with equal venom on X. He refuted Trump’s claims: “False. This bill was never shown to me even once and was passed in the dead of night so fast that almost no one in Congress could even read it!“

Then came the really personal jabs. Musk tweeted, “Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate. Such ingratitude.” He even, without providing any evidence, made a shocking claim: “Trump is in the Epstein files.” He also retweeted a post calling for Trump’s impeachment and threatened, “Go ahead, make my day.” Hours later, Musk announced SpaceX would begin decommissioning its Dragon spacecraft, a crucial vessel for NASA, although he later appeared to soften this threat.

Musk even resorted to mocking Trump by resurfacing old tweets from over a decade ago where Trump criticized government spending. “Where is the man who wrote these words? Was he replaced by a body double!?” Musk quipped.

A Brief History

This fiery exchange is particularly striking given their recent history. While Musk was initially critical of Trump in 2016, he later joined several White House advisory boards. Their alliance deepened significantly leading up to the 2024 election, with Musk formally endorsing Trump and even being appointed to lead the “Department of Government Efficiency” (DOGE), a federal agency aimed at cutting spending. It was a period where Musk was a frequent presence in Trump’s inner circle, often seen praising the administration.

Billions Lost, Futures Uncertain

The immediate financial impact of this public feud has been brutal. Tesla’s shares plummeted by over 14% on Thursday alone, wiping out an astonishing $150 billion from the company’s market value in a matter of hours. This dramatic drop underscores just how sensitive investors are to the volatile nature of this public spat. Tesla has now lost over $380 billion in valuation since the start of 2025, making it the worst-performing large-cap stock this year.

Beyond the immediate financial hit, the feud casts a dark cloud over government contracts with Musk’s companies, particularly SpaceX, which is heavily reliant on NASA agreements. The potential for a powerful figure like Trump to actively work against Musk’s business interests, especially considering how much of Musk’s empire has been built on government support, is a major concern.

Musk starts X poll asking if America needs a new political party.

As of Friday, June 7, 2025, the tensions show no sign of abating. Reports indicate that a planned phone call between Trump and Musk to de-escalate the situation was rejected by Trump, who reportedly referred to Musk as “the man who has lost his mind“. The White House has confirmed there are “no plans for a call today” between the two men.

Timeline of Key Moments

DateEvent
May 28, 2025Musk voices disappointment over Trump’s tax and spending bill.
May 29, 2025Musk announces departure from DOGE.
June 5, 2025Public war of words erupts; Trump threatens to cut Musk’s contracts; Musk calls for impeachment.
June 6, 2025Trump calls Musk “the man who has lost his mind” in ABC interview; considers selling Tesla.

What’s Next?

Both Trump and Musk are known for their combative styles and social media battles, so expect more drama. This feud could reshape political alliances, government spending, and major industries like electric vehicles and space exploration.

References:

Note: Screenshots referenced are from the above news sources and social media posts.

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