The ongoing fighting between Donald Trump and Elon Musk has captured the world’s attention, revealing the fragility of his alliance. Initially, Trump and Musk forged a powerful bond, aligning their political and business interests to mutual advantage. Trump, the dominant force in politics, and the tech magnate, CEO of Tesla and richest man in the world, appeared to be an unstoppable duo.
Their relationship flourished following Trump’s 2024 presidential victory, heavily backed by Musk’s $250 million campaign donation. Musk quickly became a key figure in Trump’s administration, advising on economic strategies while gaining access to the highest echelons of political power. Yet, the alliance that once seemed rock-solid has now crumbled into public acrimony, marking a spectacular Trump vs Musk fallout.
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What Triggered the Trump-Musk Fallout?
Trouble began when Elon Musk openly criticized Trump’s controversial government spending package, labeling it the “Big Beautiful Bill.” For days, Trump remained uncharacteristically silent, but the simmering tension boiled over during a press event with Germany’s Chancellor Friedrich Merz. Trump expressed his disappointment in Musk, ending the fragile truce.
Musk hit back swiftly on his platform X. In a high-stakes exchange, Trump used Truth Social to threaten Musk’s government contracts with SpaceX and Starlink, suggesting that eliminating Musk’s subsidies could save “Billions and Billions of Dollars.”
Musk, undeterred, retorted: “Go ahead, make my day.”
How Did Tesla Stock React to the Trump-Musk Fighting?
The fighting between Trump and Musk sent shockwaves through financial markets. Tesla stock took an immediate hit, dropping over 10% following Trump’s public remarks. Investors, wary of the political instability, responded with swift sell-offs, reflecting concerns about Tesla’s dependency on government incentives.
Meanwhile, Musk’s competitors in the electric vehicle and aerospace sectors saw gains, taking advantage of Tesla’s vulnerable position.
What Personal Attacks Escalated the Conflict?
The fighting quickly moved from policy to personal insults. Musk, without presenting evidence, alleged that Trump was mentioned in the unreleased Epstein files. “Trump is in the Epstein files. That is the real reason they have not been made public. Have a nice day, DJT!” Musk declared.
Trump fired back, mocking Musk’s black eye—an injury Musk attributed to his young son—with a snide remark about makeup during an Oval Office meeting. This personal animosity intensified the already explosive situation.
How Did Truth Social and X Amplify the Trump-Musk Clash?
Both Trump and Musk weaponized their social media platforms, Truth Social and X, respectively, to escalate their fighting. Trump rallied his 10 million followers, threatening Musk’s business empire, while Musk countered with his 220 million followers, accusing Trump of dishonesty and ungratefulness.
Musk’s post was particularly scathing: “Without me, Trump would have lost the election. Such ingratitude.”
🚨Elon Musk: Without me, Trump would have lost the election. pic.twitter.com/ssvY3Y1aCI
— The Intellectualist (@highbrow_nobrow) June 5, 2025
False, this bill was never shown to me even once and was passed in the dead of night so fast that almost no one in Congress could even read it! https://t.co/V4ztekqd4g
— Elon Musk (@elonmusk) June 5, 2025
What Are the Political and Financial Consequences?
Musk’s political future may lie beyond Trump. He recently hinted at creating a “new political party” to represent “the 80 percent in the middle,” positioning himself as a centrist alternative.
Financially, Musk has yet to fulfill a promised $100 million donation to Trump’s political cause. Additionally, the Republican spending bill—the catalyst for their fighting—threatens Tesla’s bottom line by cutting EV tax credits, battery factory subsidies, and regulatory benefits critical for clean air credit sales.
Musk decried the bill on X: “Keep the EV/solar incentive cuts in the bill, even though no oil & gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill.”
Will the Trump Musk Fallout Have Lasting Effects?
The Trump Musk fallout could severely impact both figures. For Trump, losing Musk’s financial backing and technological influence weakens his re-election efforts. For Musk, the termination of lucrative federal contracts could result in significant financial losses, and the heightened scrutiny from political rivals could threaten his other ventures.
Furthermore, the collapse of their alliance exposes the dangers of relationships founded solely on expediency.
