The Big Fight: Trump, Elon Musk slugfest takes world by storm

United States: America’s most powerful political figure and the world’s richest entrepreneur have turned their once-close alliance into an open and intensifying conflict.

The rift between President Donald Trump and Tesla CEO Elon Musk has evolved into a highly public and deeply personal feud, reflecting a stark departure from their former political partnership.

Musk and Trump were once considered political allies, with Musk serving on Trump’s advisory councils, campaigning beside him, and even establishing a PAC in support of Trump’s 2024 presidential run.

Now, their fallout has injected volatility into both political and corporate arenas, raising concerns about the broader impact on U.S. governance and the tech industry.

What triggered the feud?

1. The breakdown in their relationship exploded into public view this week, marked by mutual insults, political threats, and major financial losses, especially for Tesla.

2. The spark came on Tuesday, June 3, when Musk strongly denounced Trump’s signature tax and spending proposal — dubbed the “Big, Beautiful Bill” — calling it a “disgusting abomination.”

3. Musk criticized the bill for its projected $2.4 trillion increase to the national debt over a decade, shocking many Republican lawmakers.

4. The public rebuke of Trump’s flagship policy marked the beginning of a full-blown confrontation.

5. In retaliation, Trump floated the idea of canceling federal contracts with Musk-owned companies like SpaceX and Tesla.

6. Trump then attacked Musk personally, branding him as “a man who has lost his mind” and rejecting any chance of reconciliation.

7. What began as a policy disagreement has now morphed into a wide-ranging political battle.

8. The conflict has had market consequences: Tesla shares dropped by 14%, while Trump Media stock fell 8%.

9. Former Trump adviser Steve Bannon escalated the rhetoric, even calling for Musk’s deportation, alleging irregularities in his immigration status.

10. Musk’s exit from Trump’s circle has had serious political repercussions.

11. He has since launched a new political initiative — “The America Party” — aimed at representing the politically sidelined 80% of Americans who feel alienated by both major parties.