Trump-Musk Feud Erupts: Tesla Takes $150 Billion Hit

The conflict between Donald Trump and Elon Musk has intensified, with Trump threatening to cut government contracts with Musk's companies, and Musk responding by suggesting Trump should be impeached. The dispute began after Trump criticized Musk in the Oval Office, escalating quickly onto social media. Trump's statement on Truth Social regarding the termination of subsidies and contracts directly impacted Tesla's stock price, resulting in a record-breaking one-day loss of approximately $150 billion. Musk's subsequent "yes" reply to a post suggesting Trump's impeachment further fueled the controversy. The disagreement initially arose days prior when Musk publicly denounced Trump's sweeping tax-cut and spending bill. This incident underscores the significant influence of social media in shaping public perception and impacting market dynamics. The clash between these two powerful figures highlights the complexities of political and business relationships in the modern era.