Unleashing the Rivalry: Trump Threatens Musk over Potential Democratic Support
Trump issues caution to Musk on backing Democratic party
In a shocking twist, US President Donald Trump has issued a stern warning to tech tycoon Elon Musk, stating, "If he [Musk] goes the Democratic route, then he'll face some serious repercussions." In an interview with NBC News, set to air on Sunday, Trump cryptically hinted at consequences for Musk should he support Democratic candidates to retaliate against Republicans who backed Trump's tax and spending bill.
This public feud between the world's richest man and the most powerful individual on the planet erupted due to disagreements over spending. Musk advocates for significant expenditure reductions, sparking this unprecedented rift following a months-long, unexpectedly close alliance.
Frayed Relationship: No Reconciliation in Sight
In the same NBC interview, Trump admitted, "I guess so," when asked if his relationship with Musk was beyond repair. He reiterated his reluctance to negotiate with Musk, saying, "I've got much better things to do – I've got Iran, North Korea, and China to worry about."
On Thursday, the tensions escalated with Trump labeling Musk as "crazy." Musk responded by escalating his attacks on Trump, venting his displeasure on his platform X.
The Looming Ax: Potential Cuts to Musk's Business Empire?
In addition to his criticisms, Musk suggested establishing a new centrist political party. He also claimed that Trump would never have seized the presidency without his backing. In retaliation, Trump pondered the feasibility of stripping contracts and subsidies worth billions from Musk's companies, such as Tesla and SpaceX, on his Truth Social platform. Presently, Trump hasn't delved deeper into these potential cost-saving measures.
Musk's Financial Support for Trump's Campaign
Musk had funded Trump's campaign with a staggering $250 million, solidifying his position as a trusted Republican. Until the end of May, Musk headed the cost-cutting committee, Doge, which executed drastic cuts and layoffs.
If Trump decides to carry out these potential cuts, it could result in substantial financial losses for both SpaceX and Tesla, given their heavy reliance on government contracts and subsidies, particularly SpaceX with its hefty funding from NASA. In light of this exchange, SpaceX's manned spacecraft program could be at risk should subsidies be terminated, causing alarm among investors, with Tesla's stock price plummeting 14% during the altercation. As of now, the cuts remain a threat rather than a definite policy, but the situation remains volatile and could have severe implications for both SpaceX and Tesla if enacted.
- The conversation about potential repercussions for Elon Musk's political support has expanded to include discussions about cutting contracts and subsidies worth billions from his companies, such as Tesla and SpaceX.
- The ongoing feud between Elon Musk and Donald Trump has brought the issue of Musk's financial support for Trump's campaign into focus, with Musk having funded Trump to the tune of $250 million.
- The escalating conflict between the two could have severe implications for both SpaceX and Tesla, particularly SpaceX, which heavily relies on government funding, especially from NASA.
- Amidst war-and-conflicts and politics, the standoff between Musk and Trump is causing alarm among investors, with Tesla's stock price plummeting 14% during their altercation, and general-news outlets covering the potential accidents this could cause in the world of car-accidents, crime-and-justice, fires, policy-and-legislation, and car-accidents.
