The relationship between President Trump and Elon Musk has significantly deteriorated, marked by mutual accusations and threats. Trump accused Musk of acting out of self-interest regarding the electric vehicle tax credit and hinted at terminating Musk's government contracts. Musk refuted Trump's claims, suggesting concerns over national budget deficits and criticized Trump's policies on tariffs. Their public disputes unfold mainly on their respective social media platforms. This feud has already affected Tesla's stock performance, showcasing the deteriorating dynamics between two powerful figures in America.
Trump suggested to reporters that Musk's motivation was self-interest, citing the bill's phase-out of the electric vehicle tax credit that could negatively impact Tesla.
Musk took credit for Trump's win and indicated that Trump's tariffs would cause a recession later this year, highlighting the heightened tension between them.
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