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Tesla Faces Losing Billions After Trump-Musk Fallout

UNITED STATES, JUL 16 – House Speaker Mike Johnson said Elon Musk stopped responding after a text about the tax-and-spending bill and changed his phone number following a public fallout with Trump.

  • Following the passage of the One Big Beautiful Bill Act, Elon Musk changed his mobile phone number and stopped responding to House Speaker Mike Johnson's messages.
  • 'It will bankrupt the country,' Musk warned, after being tapped to head the Department of Government Efficiency and facing subsidy cuts that Trump said could close Tesla plants.
  • Revenue from state subsidies accounted for at least 38% of Tesla's 2024 profits, and Musk says thousands of Optimus robots will work in its factories by year-end.
  • On Truth Social, President Donald Trump lamented Musk’s conduct as a 'TRAIN WRECK,' while Musk outlined plans for a new America Party to challenge both major parties.
  • Projections suggest Tesla's market cap could reach $25 trillion by 2030, and Musk has announced plans to form a new political party challenging the established duopoly.
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14 Articles

Colorado Springs GazetteColorado Springs Gazette
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Denver GazetteDenver Gazette
Center

Trump loyalist Katie Miller crosses battle lines to continue work for Elon Musk

By Rachael Levy and Alexandra Ulmer

·Colorado Springs, United States
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The abrupt break between the President of the United States, Donald Trump, and one of the richest men in the world today, Elon Musk, has not caused any surprise because his relationship was predestined to fail.The clash of these two egos is unprecedented.He has made it clear that they were never ideologically aligned and that his was always a simple relationship of convenience.Never before in recent history two characters with such visibility, b…

·Buenos Aires, Argentina
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InvestorPlace broke the news in on Tuesday, July 15, 2025.
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