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From Allies to Adversaries: Trump and Musk's Public Feud Shakes Markets and Politics

  • Elon Musk and President Donald Trump ended their close alliance in a public feud that escalated sharply in early June 2025.
  • Their split grew from Musk's public denouncement of Trump's domestic policy bill and Trump's threats to cancel government contracts with Musk's companies.
  • The conflict escalated as Musk accused Trump of concealing documents related to Jeffrey Epstein and pushed for his impeachment, prompting Trump to threaten the cancellation of SpaceX and Starlink government contracts.
  • Tesla shares plunged over 14% on Thursday, erasing more than $150 billion in market value and $20 billion of Musk's personal wealth amid growing investor concern.
  • The breakdown damaged Musk's standing in Washington and suggests ongoing risks to his business empire and political influence.
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  • 43% of the sources lean Right
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Futurism broke the news in on Friday, June 6, 2025.
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