WTF?! When the president of the USA and the world’s richest particular person have a falling out, the ramifications could be widespread. Since Musk and Trump went from associates to enemies, $152 billion has been wiped off Tesla’s share worth, and Musk has threatened to decommission the SpaceX Dragon spacecraft that NASA depends on to ship crew to and from the Worldwide House Station. Musk has additionally stated that Trump seems in recordsdata regarding Jeffrey Epstein.
When he left the White Home final week, Musk blasted those that stated he’d had a falling out with Trump. The CEO insisted his departure was attributable to his scheduled 130 days as a authorities worker coming to an finish. However Musk had been publicly criticizing Trump’s Large Lovely Invoice Act, warning it might improve the price range deficit.
After studying that an electric-vehicle tax credit score that will assist incentivize Tesla purchases was not included within the invoice, Musk referred to as it “a disgusting abomination” on X and urged Individuals to name Congress to have the invoice killed.
On Thursday, the 2 males used their respective social media platforms to throw insults at one another. At one level, Trump threatened to “terminate Elon’s Governmental Subsidies and Contracts” as a technique to slash billions of {dollars} from the price range.
The warning despatched Tesla’s shares down simply over 14%, wiping round $152 billion off its valuation – and virtually $100 billion off Musk’s whole internet price.
In response to Trump’s menace to cancel Musk’s authorities contracts, Musk stated SpaceX will start decommissioning its Dragon spacecraft instantly. The craft, which NASA depends on for transport missions together with ferrying astronauts to the ISS, is below contract price roughly $4.9 billion. The capsule is the one US spacecraft able to flying people into orbit. The one different crewed spacecraft that sends astronauts to the ISS is Russia’s Soyuz system.
In gentle of the President’s assertion about cancellation of my authorities contracts, @SpaceX will start decommissioning its Dragon spacecraft instantly pic.twitter.com/NG9sijjkgW
– Elon Musk (@elonmusk) June 5, 2025
Nevertheless, after an X consumer informed him to “cool off,” Musk wrote, “Okay, we can’t decommission Dragon.”
Because the disagreement has grown, Musk stated Trump’s controversial tariffs will trigger a recession within the second half of this yr. However his “actually large bomb” was an allegation that Trump seems within the recordsdata of pedophile financier Jeffrey Epstein, who killed himself in his jail cell in August 2019 whereas awaiting trial.
Time to drop the actually large bomb:@realDonaldTrump is within the Epstein recordsdata. That’s the actual motive they haven’t been made public.
Have a pleasant day, DJT!
– Elon Musk (@elonmusk) June 5, 2025
Musk has additionally shared a submit calling for Trump’s impeachment and posted a ballot asking if a brand new political social gathering needs to be created within the US that “really represents the 80% within the center.” 81% of the 4.4 million respondents have voted sure.
Is it time to create a brand new political social gathering in America that truly represents the 80% within the center?
– Elon Musk (@elonmusk) June 5, 2025
One has to surprise if Musk believes his time within the White Home was price it. Past his reputational harm, his firms have suffered by affiliation. Tesla gross sales have been down 50% final month, and there have been protests and assaults on dealerships. The corporate’s share worth is down 40% from its all-time excessive on December 17, 2024, earlier than Musk was a part of DOGE.
