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From Allies to Adversaries: Trump and Musk's Public Feud Shakes Markets and Politics

  • The public feud between Elon Musk and President Donald Trump escalated sharply on Thursday, causing major market and political effects.
  • This conflict arose after Musk spent $275 million to support Trump last year and then denounced Trump's tax-and-spending bill as a 'disgusting abomination.'
  • Musk accused Trump of hiding Epstein-related records and threatened to end SpaceX's NASA contracts while Trump vowed to terminate Musk's government subsidies and contracts.
  • Tesla shares plunged over 14%, wiping out more than $150 billion in market value and cutting approximately $20 billion from Musk’s personal wealth amid the feud.
  • This dispute signals lasting divisions that may disrupt Musk’s business interests and influence Trump’s 2024 campaign dynamics moving forward.
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Elon Musk and Donald Trump have long emphasized their supposed unity. Now the tech billionaire and the US president are publicly feuding.

·Belgrade, Serbia
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Futurism broke the news in on Friday, June 6, 2025.
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