US President Donald Trump and Tesla CEO Elon Musk recently engaged in a fierce war of words. The two had been praising each other at the White House, but now they have publicly fallen out due to disagreements over Trump's latest budget proposal. Trump angrily criticized Musk on the social platform Truth Social, calling him "crazy," and hinted at terminating billions of dollars in federal contracts for Musk's companies, causing Tesla's stock price to fall big dump by 14%. Bitcoin also dropped by 3% amid the turmoil, leaving it at 101K.
Musk retaliates against Trump: Go ahead, let me have some fun.
Trump posted on Truth Social stating: "The easiest way to save money is to terminate Elon’s government subsidies and contracts. This could save billions for the budget. I have always been surprised Biden hasn’t done this!" This statement sparked public opinion.
Musk immediately responded in X: "Please, make me happy." Later, it added fuel to the fire, saying that SpaceX would "immediately begin retiring the Dragon spacecraft", hinting that some government cooperation plans may be abandoned.
The good relationship with Trump has broken down, supporting the impeachment of Trump to let Vance take office.
This high-profile conflict is particularly noteworthy because just a week ago, Musk attended a farewell ceremony at the White House, celebrating his contributions during his tenure as "Director of the Office of Government Efficiency," at which Trump praised him highly.
(Musk officially leaves the DOGE government efficiency department! Since taking office, he has saved the U.S. 150 billion USD, exposing the next step to return to TSL)
But by Thursday afternoon, the relationship between the two took a sharp turn for the worse. Musk harshly criticized Trump on X, calling him "ungrateful" and even claimed, "Without me, Trump would have lost the election long ago. The Democrats will now control the House, and the Republicans only have 51 to 49 in the Senate."
He further expressed support for Trump's impeachment, with Vice President JD Vance taking over the presidency and aiming all fire at Trump.
Musk reveals and accuses: Does Trump have ties with Epstein?
In one of his posts, Musk even accused the Trump administration of refusing to disclose records related to the late sex offender Jeffrey Epstein, implying that Trump was involved. "The truth will always come to light," he wrote, but did not provide any evidence. Trump's side has consistently denied any improper relationship with Epstein.
The White House did not respond, Trump again criticized Musk: tired.
In response to Musk's series of posts, the White House declined to comment. Trump later fired back on Truth Social, saying, "He was already annoying during the final days of his special government employee term. I ask him to leave!" Musk then countered, "This is an obvious lie."
Trump explained that he was dissatisfied because after he canceled the electric car purchase subsidy, Musk began to "go crazy" and frantically attacked the budget.
Musk leads opposition to the budget proposal, with conservative hawks supporting him.
Musk fiercely criticized Trump's new budget proposal, stating that the bill would lead to a big dump in national debt by trillions of dollars, and publicly urged Senate Republicans to reject the bill. His stance received support from fiscal hawks within the Republican Party, but also angered Trump's loyal faction.
Bannon calls for a thorough investigation of Musk: from drugs, immigration status to relations with the Chinese Communist Party.
Former White House strategist Steve Bannon publicly called for Trump to conduct a comprehensive investigation into Musk, including his immigration status, drug use history, and relationship with the Chinese Communist Party.
"Many people, including myself, have suggested that the president cancel all government contracts with Musk and immediately initiate a major investigation," Bannon stated. He further implied that Musk had attempted to obtain confidential military briefings from the Chinese side and even invited Xi Jinping to attend the inauguration ceremony, hinting that his actions were not in line with national security interests.
Is Musk's career supported by the government? The amount of government contracts exposed.
According to a report by The New York Times, SpaceX has secured approximately $3.8 billion in government contracts for the 2024 fiscal year, accumulating over $20 billion from agencies such as NASA and the U.S. Air Force since 2008.
The Washington Post pointed out as early as February that Musk and his companies have received contracts, grants, loans, and tax incentives from the U.S. government totaling at least $38 billion over the past twenty years.
Moreover, in the future, Musk's companies are still expected to continue securing more government funding, with SpaceX being seen as one of the important suppliers for Trump's "Golden Dome" missile defense program.
The relationship between Trump and Musk has sharply deteriorated, causing shockwaves in the political and tech circles. As the budget controversy continues to escalate, whether Musk can retain his massive federal contracts will be a key focus for future observation. For this tech billionaire, the cost of a falling out with the President of the United States may be more than just a simple online war of words.
This article reports that TSL's stock price fell big dump by 14%! Trump sharply criticized Musk "has gone crazy," angrily threatening to cancel the government contracts with TSL and SpaceX, first appearing in Chain News ABMedia.
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TSL stock price big dump 14%! Trump criticizes Musk "has gone crazy", angrily threatens to cancel government contracts with TSL and SpaceX.
US President Donald Trump and Tesla CEO Elon Musk recently engaged in a fierce war of words. The two had been praising each other at the White House, but now they have publicly fallen out due to disagreements over Trump's latest budget proposal. Trump angrily criticized Musk on the social platform Truth Social, calling him "crazy," and hinted at terminating billions of dollars in federal contracts for Musk's companies, causing Tesla's stock price to fall big dump by 14%. Bitcoin also dropped by 3% amid the turmoil, leaving it at 101K.
Musk retaliates against Trump: Go ahead, let me have some fun.
Trump posted on Truth Social stating: "The easiest way to save money is to terminate Elon’s government subsidies and contracts. This could save billions for the budget. I have always been surprised Biden hasn’t done this!" This statement sparked public opinion.
Musk immediately responded in X: "Please, make me happy." Later, it added fuel to the fire, saying that SpaceX would "immediately begin retiring the Dragon spacecraft", hinting that some government cooperation plans may be abandoned.
The good relationship with Trump has broken down, supporting the impeachment of Trump to let Vance take office.
This high-profile conflict is particularly noteworthy because just a week ago, Musk attended a farewell ceremony at the White House, celebrating his contributions during his tenure as "Director of the Office of Government Efficiency," at which Trump praised him highly.
(Musk officially leaves the DOGE government efficiency department! Since taking office, he has saved the U.S. 150 billion USD, exposing the next step to return to TSL)
But by Thursday afternoon, the relationship between the two took a sharp turn for the worse. Musk harshly criticized Trump on X, calling him "ungrateful" and even claimed, "Without me, Trump would have lost the election long ago. The Democrats will now control the House, and the Republicans only have 51 to 49 in the Senate."
He further expressed support for Trump's impeachment, with Vice President JD Vance taking over the presidency and aiming all fire at Trump.
Musk reveals and accuses: Does Trump have ties with Epstein?
In one of his posts, Musk even accused the Trump administration of refusing to disclose records related to the late sex offender Jeffrey Epstein, implying that Trump was involved. "The truth will always come to light," he wrote, but did not provide any evidence. Trump's side has consistently denied any improper relationship with Epstein.
The White House did not respond, Trump again criticized Musk: tired.
In response to Musk's series of posts, the White House declined to comment. Trump later fired back on Truth Social, saying, "He was already annoying during the final days of his special government employee term. I ask him to leave!" Musk then countered, "This is an obvious lie."
Trump explained that he was dissatisfied because after he canceled the electric car purchase subsidy, Musk began to "go crazy" and frantically attacked the budget.
Musk leads opposition to the budget proposal, with conservative hawks supporting him.
Musk fiercely criticized Trump's new budget proposal, stating that the bill would lead to a big dump in national debt by trillions of dollars, and publicly urged Senate Republicans to reject the bill. His stance received support from fiscal hawks within the Republican Party, but also angered Trump's loyal faction.
Bannon calls for a thorough investigation of Musk: from drugs, immigration status to relations with the Chinese Communist Party.
Former White House strategist Steve Bannon publicly called for Trump to conduct a comprehensive investigation into Musk, including his immigration status, drug use history, and relationship with the Chinese Communist Party.
"Many people, including myself, have suggested that the president cancel all government contracts with Musk and immediately initiate a major investigation," Bannon stated. He further implied that Musk had attempted to obtain confidential military briefings from the Chinese side and even invited Xi Jinping to attend the inauguration ceremony, hinting that his actions were not in line with national security interests.
Is Musk's career supported by the government? The amount of government contracts exposed.
According to a report by The New York Times, SpaceX has secured approximately $3.8 billion in government contracts for the 2024 fiscal year, accumulating over $20 billion from agencies such as NASA and the U.S. Air Force since 2008.
The Washington Post pointed out as early as February that Musk and his companies have received contracts, grants, loans, and tax incentives from the U.S. government totaling at least $38 billion over the past twenty years.
Moreover, in the future, Musk's companies are still expected to continue securing more government funding, with SpaceX being seen as one of the important suppliers for Trump's "Golden Dome" missile defense program.
The relationship between Trump and Musk has sharply deteriorated, causing shockwaves in the political and tech circles. As the budget controversy continues to escalate, whether Musk can retain his massive federal contracts will be a key focus for future observation. For this tech billionaire, the cost of a falling out with the President of the United States may be more than just a simple online war of words.
This article reports that TSL's stock price fell big dump by 14%! Trump sharply criticized Musk "has gone crazy," angrily threatening to cancel the government contracts with TSL and SpaceX, first appearing in Chain News ABMedia.