Tensions between former US President Donald Trump and tech billionaire Elon Musk have escalated dramatically, creating a fracture in what was once seen as a powerful alliance between the president of the world's largest economy and its richest man
The dramatic feud between Trump and Musk comes just days after Musk officially stepped down from a government-appointed position. Image: Shutterstock
For over a week, billionaire businessman Elon Musk has been publicly criticising one of US President Donald Trump’s key legislative efforts—a major government spending bill—and has been actively campaigning against its passage.
The situation reached a boiling point on Thursday, June 5, when Trump, during a meeting with the German Chancellor in the Oval Office, openly expressed his frustration and disappointment with Musk. In response, Musk launched a barrage of accusations on X (formerly Twitter), even going so far as to imply—without offering any evidence—that Trump may be linked to unreleased documents involving the late convicted sex offender Jeffrey Epstein.
Trump didn’t hold back either. He responded by accusing Musk of having "gone CRAZY", claiming that Musk had been asked to leave his advisory role in the administration. Trump also threatened to pull federal contracts from Musk’s companies, including SpaceX and Tesla.
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The public fallout has had financial consequences as well. Tesla’s stock plunged by 14 percent, pushing the company’s valuation below the $1 trillion mark.