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Economic Insight > Blog > Finance > Donald Trump attacks ‘crazy’ Elon Musk as relationship implodes
Donald Trump attacks ‘crazy’ Elon Musk as relationship implodes
Finance

Donald Trump attacks ‘crazy’ Elon Musk as relationship implodes

EC Team
Last updated: June 5, 2025 10:00 pm
EC Team
Published June 5, 2025
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Donald Trump attacked Elon Musk as “crazy” and threatened to tear the government’s contract as nausea between the two most powerful men in the world erupted into a full-scale public feud.

Amid a surge in elliptical offices and intense online comments on Thursday, the US president said he was “very disappointed” in Musk over criticizing the Signature Tax Bill, suggesting he was “hospitable” after being scrapped by the government, accusing the billionaire of intervening to serve his business interests.

Musk, who spent more than $250 million in bankroll last year on Trump’s reelection bid and in February said he loved the president “a straight guy can love another man,” said he set the X on fire.

The billionaire called for Trump to be fired each, suggesting that his trade tariffs caused a US recession, abolishing the SpaceX capsule used to transport NASA astronauts, and hinting that the president was linked to pedophile Jeffrey Epstein.

Hostility deepened throughout the day, spreading long over Trump’s president, opening up violations that could even affect US electoral politics, Musk spoke about starting a new party and removing Republicans from office.

Trump, who previously defended Musk against corruption and self-dealing charges, said that it was exacerbated with his “big beautiful bill” as the Tesla boss is an end policy that benefits electric car manufacturers.

“I took away his EV mission and let everyone buy an electric car that no one else wanted (he knew for months I was trying to do it!), and he just got hooked!” Trump wrote about the true society on Thursday afternoon.

“The easiest way to save money on our budget is to terminate Elon’s government subsidies and contracts,” he added with the obvious threat of ending billions of dollars worth of businesses between US government and MUSK companies, including SpaceX and Starlink.

Musk, who is upset that the previous Senate tax bill would increase the US deficit, accused the president of lying about his motives.

The exchange was an extraordinary escalation of a feud between Trump and Musk, and refrained from directly criticizing the president for opposing the White House’s trade and tax policy.

The billionaire, who began retreating from politics in April due to his “blowback” for his business, suggested he regretted supporting Trump at last year’s White House race.

“Without me, Trump would lose the election, Dems would take control of the House and Republicans would be 51-49 in the Senate,” he posted on social media site X shortly after the oval office tillade. “That kind of content.”

Tesla stocks have fallen almost 11% after Trump’s remarks, falling 13.5% in a day, wiping more than $150 billion from the market valuation.

Musk, the largest political provider in the United States, has suggested that Republican lawmakers should side with him through the president.

“Food for thought as they contemplate this question: Trump has 3.5 years left as president, but I’m over 40 years ago,” the billionaire wrote in X.

He also returned to Trump’s proposal that he opposed the “big beautiful bill” because he x the tax credits for electric vehicles and clean energy that have long benefited Tesla in the US.

“We will maintain the bill’s reduction in EV/solar incentives despite the fact that oil and gas subsidies have not been mentioned (very unfair!!), but throw away the pile of disgusting pork in the bill,” Musk posted.

The serious discrepancy between Trump and the “first buddy” mask has recently spread to Washington.

Last week, Trump superficially guided the contributions he’s made to Democratic candidates in the past, picking the nomination of Musk’s close ally, billionaire astronaut Jared Isakuman.

Isaacman, who was on track to gain bipartisan support from the Senate, challenged the White House’s justification for the decision.

“I don’t think the timing was too coincidental,” Isaacman told the All-in-Podcast on Wednesday. “There [were] I think I was a good, visible target for some of those who had some grinding axes. ”

Musk had already announced he had retreated from his involvement in the Trump administration. There he led the so-called government efficiency (DOGE).

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According to government officials, Steve Davis, one of the eu members of SpaceX’s Musk, one of the eu members of SpaceX, who led Doge on a regular basis, was still leaving the administration.

More advanced players close to billionaires were set to abandon the initiative in the coming days, officials said.

Musk herself suggests that the tax bill will wipe out Doge’s savings. It claims it has identified around $180 billion in previous cuts. On Wednesday, Congress’s fiscal watchdog said the law would add 2.4 tons to U.S. debt by 2034.

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