Openly turning against each other, the full record of the Tema war

Written by: Bao Yilong, Wall Street News

Trump and Musk, who had just stood together in the Oval Office last week to proclaim their enduring friendship, traded barbs and insults in real time Thursday night, with initial expressions of sadness quickly turning into threats.

From Musk's public support for Trump in July 2024 to the breakdown of their relationship, in less than a year, the two of them completely turned against each other because of a big beautiful bill.

According to CCTV, on June 5, Beijing time, US President Trump and Musk, the former head of the "Government Efficiency Department", began a public war of words. As the quarrel continued throughout the US trading session on Thursday, Tesla's stock price plummeted and investors fell into panic. As of the close, Tesla's stock price had fallen by 14%, the largest drop since March. Tesla's market value evaporated by more than 150 billion US dollars.

The following are all Beijing time:

June 5, 22:37

Musk retweeted a "report" about Trump's tariff bill. The title is:

Congress warned that failure to pass a spending bill could delay the country's destruction.

June 5, 23:20

Musk retweeted a 2013 Trump tweet criticizing Republicans for raising the debt ceiling, mocking:

That really makes sense.

June 5, 23:46

Musk retweeted a 2012 Trump tweet that read:

I strongly agree that "no member of Congress should be re-elected if the U.S. budget is not balanced."

June 6 at midnight

Trump, who was meeting with German Chancellor Friedrich Merz at the White House, responded to Musk's criticism.

Musk is pissed because we're rescinding the EV mandate, which, you know, is a huge amount of money for EVs. They're having a hard time with EVs, and they're asking us to pay billions of dollars in subsidies.

He went on to say that Musk understood the inner workings of the tariff bill. He said he and Musk had a good relationship — but that relationship may be over.

June 6 0:19

Musk seemed to immediately respond to Trump's comments about the electric vehicle mandate:

Whatever. It’s acceptable to keep the EV subsidy cuts in the bill, but leave oil and gas subsidies untouched (which is “very unfair!”).

Throughout the history of human civilization, bills have either been big or beautiful, but there has never been a bill that was both big and beautiful.

June 6 0:25

Musk retweeted Trump's comments expressing his disappointment with him and replied:

Could not be more wrong, this bill was not shown to me once and was passed quickly in the middle of the night!

June 6 0:46

Musk responded to user X, Autism Capital, saying that without him, Trump would lose and the Democrats would take control of the House of Representatives. He then added: "What an ungrateful person."

Without me, Trump would lose the election, the Democrats would control the House, and the Republicans would have a 51-49 Senate.

June 6, 1:46

Musk retweeted a post from an X user named Wall Street Mav:

The user expressed hope that the dispute would not harm the relationship between the billionaire and Trump.

Musk then released a video of Trump praising Tesla in front of the White House. Musk @ Trump:

Remember this?

June 6, 2:10

Musk retweeted an interview from 2021, emphasizing that he has been canceling tax breaks for electric vehicles:

Here's what I'm saying in 2021: We don't need a $7,500 electric vehicle tax credit. To be honest, I'd rather just kill the entire infrastructure bill. Don't pass it. That's my advice.

June 6, 2:37

Trump joined the debate on his "Truth Social" platform. He said:

Musk has become ‘unacceptable’, I asked him to leave, I rescinded his EV mandate which was forcing everyone to buy EVs that no one else wanted (which he knew I would do months ago!), and he went nuts!

Trump then issued a huge threat to Musk's company. He said:

The easiest way to save money would be to cut government contracts for Musk and his companies. I'm always surprised Biden doesn't do that.

June 6, 2:48

Musk responded to Trump's post:

This is an obvious lie. How sad.

He later retweeted a post suggesting that ending the government contract would lead to the dismantling of the International Space Station, adding a smiley face emoji.

Come on, make me happy.

June 6, 3:10

Musk then did not want to be outdone and directly broke the news on social media:

Trump is suspected of Epstein's sexual crimes. This is the real reason why the US government did not release Epstein's files.

Remember to mark this tweet and the truth will be revealed in the future.

June 6, 4:09

Musk retweeted a tweet about cutting Musk's government contracts and issued a threat that he would retire SpaceX's Dragon spacecraft, which carries cargo and personnel to the International Space Station for the United States.

In light of the President’s announcement regarding the cancellation of my government contracts, @SpaceX will immediately begin dismantling its Dragon spacecraft.

June 6, 4:11

Musk retweeted a post supporting Trump’s impeachment and replied:

- Yes

– The President vs. Elon. Who will win? My money is on Musk.

Trump should be impeached and J.D. Vance should replace him.

June 6, 4:26

Musk retweeted the post and said:

Trump's tariffs will cause a recession in the second half of this year.

June 6, 9:20

Netizens said that both of them need to calm down and take a step back for a few days. Musk responded to the post and softened his attitude:

Good advice. OK, we're not going to retire the spacecraft.

June 6, 9:27

Earlier, Bill Ackman played the role of a peacemaker and said that everyone was in the national interest and should live in peace. Musk responded:

You are right

Musk's dissatisfaction has long been evident

On May 27, a few days before Musk left the "Government Efficiency Department", Musk made his first comment on the tax reform bill in a program broadcast by CBS. At that time, Musk's evaluation was just "disappointed".

At the time, Musk was relatively restrained in his comments about Trump's description of the bill as "big and beautiful," saying only:

I think a bill can be big or it can be beautiful, but I don't know if it can be both.

On June 1, in an interview released by CBS on June 1, Musk further expressed his dissatisfaction with the US government. Musk said in the interview that he did not want to publicly oppose the US government, but he also did not want to take responsibility for everything the government did. Musk said that the "Government Efficiency Department" he led became the "scapegoat" for everything.

On June 3, Musk posted a message on the social media platform that day, saying that this massive bill was "ridiculous" and "disgusting." Musk said that the bill would significantly increase the budget deficit to $2.5 trillion and burden American citizens with an unbearable debt burden.

On June 4, Musk stepped up his attack on Trump's tax cut bill, calling on Americans to contact their legislators to "kill" the bill. Musk said on social media that "it is wrong to bankrupt the United States."

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