U.S. President Donald Trump has warned of severing government ties and subsidies with billionaire Elon Musk’s companies. In response, Musk has stated that Trump should be impeached.
Trump had recently appointed Musk to lead a government agency responsible for reducing public expenditure. However, after Musk stepped down from that position, tensions between the two have escalated and become public.
On various media platforms, both have exchanged accusations and issued threatening statements toward one another.
Musk had repeatedly criticized Trump’s tax policies. Displeased by this, Trump dismissed Musk by saying he was suffering from “Trump Derangement Syndrome.” In response, Musk claimed that without his support, Trump would have lost the election, and he accused Trump of betrayal.
But it didn’t stop there — Musk even stated that the time has come to form a new political party. He said he has already started gathering public support for this initiative.
After Trump threatened to cut all government ties and subsidies with Elon Musk’s companies, international media reported that shares of Musk’s company Tesla dropped by 14%. Musk is the owner of several major companies including SpaceX, Tesla, and X (formerly Twitter).
Following Trump’s remarks about severing government relations, Musk announced that his company SpaceX would shut down its Dragon spacecraft program.
Speaking from the Oval Office at the White House, Trump said, “I had a good relationship with Musk. Now, I don’t know how that relationship will move forward. I am very disappointed in Elon Musk. I had supported him a lot.”
Summary:
A political and business clash has erupted between former U.S. President Donald Trump and billionaire entrepreneur Elon Musk. The tension began after Musk repeatedly criticized Trump’s tax policies, prompting Trump to accuse Musk of having “Trump Derangement Syndrome.” In response, Musk claimed Trump would have lost the election without his support and accused him of betrayal.
Trump then threatened to cut all government ties and subsidies to Musk’s companies, including Tesla and SpaceX. As a result, Tesla’s stock dropped by 14%, according to international media. In retaliation, Musk announced he would shut down SpaceX’s Dragon spacecraft program.
Musk also revealed plans to form a new political party and has begun seeking public support. Their dispute, once private, has now turned into a very public exchange of accusations and threats through media platforms.
