Public Feud Between Trump and Musk Escalates
A bitter public feud has erupted between President Donald Trump and tech billionaire Elon Musk, with both men trading barbs on social media. The dispute began when Musk criticized Trump's "big, beautiful" spending bill, calling it a "disgusting abomination." Trump responded by saying he was "very disappointed" in Musk and suggesting that his companies' government contracts could be terminated.
Musk Fires Back
Musk fired back at Trump on X, denying the president's claim that he knew every aspect of the agenda bill. He also accused Trump of trying to sabotage his electric vehicle business by eliminating tax incentives for EVs. Musk claimed that Trump and congressional Republicans would have lost the 2024 election without his support.
Tesla Shares Plummet
The feud between Trump and Musk has taken a toll on Tesla's stock, with shares plummeting 15% in one day. The drop wiped off over $150 billion from Tesla's market value, making it the biggest single-day drop in market value of all time.
NASA Concerned
Musk's decision to decommission the Dragon spacecraft could have serious consequences for NASA and the International Space Station. The Dragon is currently the only spacecraft capable of returning significant amounts of cargo to Earth.
Trump Floats Termination of Musk's Contracts
President Trump floated the idea of terminating Elon Musk's companies' government subsidies and contracts as a way of saving money. Musk responded by saying "This just gets better and better" and inviting Trump to make his day.
Republicans Brush Off Musk's Call for Action
Despite Elon Musk's call for action, Republican senators are brushing off his request for their constituents to contact them about the spending bill. Senators Lindsey Graham, Bernie Moreno, Tommy Tuberville, and Ron Johnson all said they had not received an uptick in constituent calls.
German Chancellor Supports Trump's Efforts to End War in Ukraine
German Chancellor Friedrich Merz expressed support for President Trump's efforts to end the war in Ukraine by putting pressure on Russia. Merz stated that Trump is the "key person" who can bring about an end to the conflict.
Key Points:
- A public feud has erupted between President Donald Trump and tech billionaire Elon Musk over Trump's spending bill.
- Musk criticized the bill, calling it a "disgusting abomination."
- Trump responded by saying he was "very disappointed" in Musk and suggesting that his companies' government contracts could be terminated.
- Tesla shares plummeted 15% in one day due to the feud between Trump and Musk.
- NASA is concerned about the potential consequences of Musk's decision to decommission the Dragon spacecraft.
- Republican senators are brushing off Elon Musk's call for action on the spending bill.
