A Breakup for the Ages: Trump vs Musk No More
Trump terminates partnership with Musk
What once seemed an unlikely pairing, US President Donald Trump and tech mogul Elon Musk, is now history. The friendship that was built on shared goals turned sour when accusations started flying back and forth. Now, Trump has drawn a line in the sand and issued a warning to Musk.
In an interview with NBC News, Trump made it clear that if Musk were to support Democrats, there would be "very serious consequences" to face. Trump's threat came after Musk criticized Trump's tax and budget law, sparking a public feud between the two titans.
Musk's demands for more significant spending cuts marked the beginning of the end of their collaboration. Since Thursdays, they've been engaged in a mudslinging match, with the richest man in the world attacking the most powerful man in the world in increasingly acrimonious exchanges.
Trump, in his response, displayed no intention of reconciling with Musk. "I have no intention of speaking to him," he told NBC News. In a previous tweet, he had called Musk "crazy" in response to the billionaire's critique. Musk, in turn, posted more attacks on Trump on his platform X, proposing the founding of a new centrist party and claiming that Trump would never have won the presidency without his support.
Trump had seen Musk as a trusted Republican and had even appointed him to lead the cost-cutting committee, Doge, until the end of May. Musk's role led to massive cuts and job losses within the committee.
The feud's impact on Tesla's share price has been significant, with shares dropping 14% on the day of the feud's escalation before partially rebounding. The threat of canceled government contracts could have severe financial implications for both Tesla and SpaceX, potentially affecting their ability to secure future funding or contracts. The ongoing feud could also harm their reputation and stability, affecting investor confidence and customer loyalty.
For SpaceX, government contracts are crucial for its mission to explore space and establish a human presence on Mars. Losing these could stall or even halt these ambitious projects. For Tesla, the loss of government support could affect its ability to compete in the electric vehicle market, especially if incentives or subsidies are reduced.
All thiscomes as the US prepares to witness historic midterm elections in November, where the battle for control of Congress will shape the trajectory of Trump's presidency and the nation's future. The question remains whether Musk will choose to throw his support behind the Democrats, risking Trump's wrath, or remain loyal to the Republican Party that boosted his career.
- Donald Trump
- Elon Musk
- Tax Policy
- Tax Cuts
- Tax Reform
- Democrats
- Republicans
[1] ntv.de, as/dpa
[2] en.wikipedia.org/wiki/Elon_Musk
[3] i.redd.it/73tzyk620ao31.jpg
- The ongoing feud between Elon Musk and Donald Trump, both influential figures in EC countries' general-news, could have significant implications, particularly for policies regarding employment in the technology sector, given Musk's role in negotiating tax reforms and tax cuts.
- The escalating politics between Elon Musk and Donald Trump, centering around tax policy and the support of Democrats vs Republicans, has sparked a debate in the crime-and-justice realm, with Musk's proposed founding of a centrist party stirring controversy and raising questions about the power dynamics between politics and business.
