WTF?! When the president of america and the world’s richest individual have a falling out, the ramifications will be widespread. Since Musk and Trump went from buddies to enemies, $152 billion has been wiped off Tesla’s share value, and Musk has threatened to decommission the SpaceX Dragon spacecraft that NASA depends on to ship crew to and from the Worldwide Area Station. Musk has additionally mentioned that Trump seems in information referring to Jeffrey Epstein.
When he left the White Home final week, Musk blasted those that mentioned 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 funds 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 approach to slash billions of {dollars} from the funds.
The warning despatched Tesla’s shares down simply over 14%, wiping round $152 billion off its valuation – and virtually $100 billion off Musk’s complete internet price.
In response to Trump’s menace to cancel Musk’s authorities contracts, Musk mentioned 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 person instructed him to “cool off,” Musk wrote, “Okay, we cannot decommission Dragon.”
Because the disagreement has grown, Musk mentioned Trump’s controversial tariffs will trigger a recession within the second half of this yr. However his “actually massive bomb” was an allegation that Trump seems within the information of pedophile financier Jeffrey Epstein, who killed himself in his jail cell in August 2019 whereas awaiting trial.
Time to drop the actually massive bomb:@realDonaldTrump is within the Epstein information. That’s the actual purpose they haven’t been made public.
Have a pleasant day, DJT!
– Elon Musk (@elonmusk) June 5, 2025
Musk has additionally shared a put up calling for Trump’s impeachment and posted a ballot asking if a brand new political get together needs to be created within the US that “truly 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 get together 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 corporations 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 value is down 40% from its all-time excessive on December 17, 2024, earlier than Musk was a part of DOGE.