Musk and Trump Clash Publicly Over US Spending Bill, Tesla Stock Plummets

A public feud between Elon Musk and Donald Trump erupted on June 5th, 2025, over a US spending bill. The disagreement centers on a large tax and spending package, which Musk called a "disgusting abomination." Trump responded by expressing disappointment in Musk's criticism, hinting at personal motivations, and suggesting Musk's opposition was tied to the removal of electric vehicle subsidies. Musk denied this, pointing out that oil and gas subsidies remain untouched. The conflict intensified when Musk took credit for Trump's 2024 election victory and hinted at forming a new centrist political party. He also reposted calls for Trump's resignation. The White House dismissed Musk's claims, while Trump responded on Truth Social, questioning Musk's government contracts and subsidies. In response, Musk announced that SpaceX would decommission its Dragon spacecraft, which services the ISS. Tesla's stock price fell 14% following the public spat. The Congressional Budget Office estimates the bill could increase US debt by $2.4 trillion over a decade. The White House disputes these figures, citing projected tariff revenues. This public disagreement highlights the complex relationship between business and politics in the US.