In a shocking turn of events, Tesla CEO Elon Musk and former U.S. President Donald Trump have found themselves embroiled in a very public feud that has sent ripples through the markets. The feud has escalated rapidly over the past 48 hours, with tensions reaching a boiling point.
It all started with a report from the Wall Street Journal on June 4, which suggested that Trump was growing increasingly frustrated with Musk’s vocal criticism of his latest tax and spending bill, dubbed the “Big Beautiful Bill.” Insiders revealed that Trump was “losing patience” with the Tesla CEO.
The situation took a turn for the worse when Trump publicly expressed his disappointment in Musk, hinting that the Tesla CEO’s criticism was a reaction to lost electric vehicle tax credits. Trump even went as far as to suggest that government subsidies for Musk’s companies could be terminated as a way to save money in the budget.
Musk, never one to back down from a fight, responded in kind, throwing jabs at Trump on social media platform X. He claimed credit for helping Trump win the last election and accused him of ingratitude. The feud reached new heights when Musk made unverified claims about Trump’s involvement in Jeffrey Epstein’s files, sparking a heated exchange between the two.
As the drama unfolded, investor confidence in Tesla took a hit, with the company’s market value dropping by roughly $150 billion by the end of the day. It remains to be seen whether the feud will simmer down or escalate further, but one thing is certain: the once allies have become bitter enemies, and the public is eagerly following every twist and turn on X and Truth Social.
With Musk and Trump each having their own allies in the mix, it will be interesting to see how this feud plays out in the public eye. Whether one side emerges victorious or if the feud continues to escalate, one thing is for sure: this is a battle that no one saw coming, and the world is watching closely to see how it unfolds.