Elon Musk's Feud With President Trump Wipes $152 Billion Off Tesla’s Market Cap

image via WIRED

June 5, 2025, 10:47 PM

• •The public feud between Elon Musk and Donald Trump caused significant financial losses for both Tesla and TrumpCoin.
• •The disagreement stems from Trump's proposed legislation that Musk believes would negatively impact electric vehicle subsidies and other aspects of the green energy industry.
• •This conflict has led to threats of contract cancellations and investigations, as well as calls for Musk's deportation.
• •The situation has intensified with the involvement of figures like Steve Bannon and the emergence of the 'Tesla Takedown' protest movement.

The once-friendly relationship between Elon Musk and Donald Trump has turned sour, leading to a dramatic fallout with significant financial consequences. The disagreement centers around Trump's policy proposals, particularly those affecting electric vehicle subsidies and the green energy sector, which Musk opposes. This public feud has resulted in a sharp decline in Tesla's stock value and TrumpCoin, along with threats of contract cancellations and investigations. The conflict has drawn in key figures like Steve Bannon and sparked protest movements against both Musk and Trump.

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