Trump-Musk Twitter War Shakes Markets

Trump and Musk Clash on Social Media Over Spending Bill On June 6th, 2025, a public dispute erupted between former US President Donald Trump and Tesla CEO Elon Musk, centered on Trump's recently passed $1.6 trillion spending bill. Musk, via X (formerly Twitter), expressed concerns that the bill's provisions could trigger a recession in the latter half of the year. "The Trump tariffs will cause a recession in the second half of this year," Musk tweeted. Trump responded on his Truth Social platform, defending the bill as one of the most significant ever presented to Congress and dismissing Musk's criticism as something that should have been voiced months ago. The disagreement had immediate repercussions, causing Tesla's stock price to plunge by 4.3%, wiping out approximately $150 billion in market value. The video underscores the significant impact of this public disagreement between two influential figures on both political and economic landscapes.