Wall Street and Washington are Rocked by Trump and Musk’s Public Split

The two men traded jabs on their competing social media platforms on Thursday, bringing their once-bright collaboration to a dramatic end. Musk has previously advised the president, flown in Air Force One, and even attended Cabinet meetings wearing a MAGA hat.

Musk’s accusations that Trump concealed documents pertaining to Jeffrey Epstein, that the president’s spending plan would cause a recession, and even his support for Trump’s impeachment brought the repercussions to a head. At a meeting in the Oval Office, Trump retaliated by promising to sever SpaceX and Starlink’s federal contracts, describing it as a simple method to “save billions.”Elon is performing admirably. Only a few months prior, Trump had declared, “He’s uncovering massive corruption and fraud.” However, the tone has changed significantly.

Musk quickly retaliated, saying, “Go ahead, make my day.” Later, he shocked onlookers by declaring that SpaceX will start to terminate its collaboration with NASA.

Musk paid a heavy price for the rift. Over $150 billion was deducted from the company’s valuation and $20 billion from Musk’s personal fortune as a result of the more than 14% decline in Tesla shares. Musk, however, refused to back down, asserting on social media that “Trump would have lost the election without me.” Such a lack of appreciation.

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