A public feud between President Trump and Elon Musk has escalated, with Trump threatening to cut Musk's government contracts due to Musk's criticism of his tax policies. Tensions rose after they previously shared a cordial appearance at the White House. Musk's grievances on social media prompted a response from Trump, who expressed disappointment and indicated plans to target Musk financially. The conflict also led to a noticeable drop in Tesla's shares as the situation evolved, highlighting the immediate financial impact of their rift.
The spectacular blow-up between the president of the United States and the world's richest man played out on their respective social media platforms.
Trump had largely remained silent as Musk stewed over the last few days on his social media platform X, condemning the president's signature tax cuts and spending bill.
The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts.
Musk responded on social media in real time. Trump ratcheted up the stakes when he turned to his own social media network, Truth Social.
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