Elon Musk and Donald Trump Public Feud Hits Markets

A highly publicized feud between tech billionaire Elon Musk and former President Donald Trump has roiled financial markets, triggered a dramatic sell-off in Tesla shares, and ignited political and public controversy around the intersection of business, politics, and government influence.

The dispute began earlier this month when Musk openly criticized Trump’s newly proposed legislative package, which includes significant cuts to electric vehicle (EV) tax credits. Musk called the legislation “economically regressive” and warned it would stall the U.S. transition to sustainable transportation. Trump retaliated swiftly, threatening to revoke federal contracts awarded to Musk's companies—Tesla, SpaceX, and Neuralink.

Tensions escalated when Musk posted cryptic references to Epstein-related documents, implying Trump’s name might appear in unreleased court filings. The Trump campaign vehemently denied any connection, calling the accusation “baseless slander” and accusing Musk of trying to “sabotage America’s political process.”

Author: Global Ripple

Posted on: June 06, 2025