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Donald Trump and Elon Musk’s Allies Urge Reconciliation After Damaging Split

  • Elon Musk and President Trump publicly clashed in June 2025 over the Senate's 'Big Beautiful Bill' harming Tesla and SpaceX interests.
  • This conflict followed Musk's nearly $300 million support for Trump's election and Trump's campaign promise to remove the $7,500 EV tax credit.
  • Tesla’s stock surged after Trump's election due to expected government favoritism but plummeted 14% after Musk publicly opposed Trump, triggering protests worldwide.
  • The 'Big Beautiful Bill' kills EV and clean energy tax credits, including the $7,500 vehicle incentive, threatening Tesla’s sales which are already declining globally.
  • The feud risks Trump cutting government contracts and regulatory support critical to Musk’s companies, while some political allies urge reconciliation to protect these interests.
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Center

From allies to enemies: the cost of a Musk-Trump split

The bitter clash between Elon Musk and Donald Trump has drawn a spotlight on the South African-born tycoon's businesses.

Lean Left

Speaker of the US House of Representatives Mike Johnson expressed hope that the conflict between Donald Trump and Elon Musk can still be settled, despite the public controversy the day before.

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Crooks and Liars broke the news in United States on Friday, June 6, 2025.
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