Musk and Trump broke up in four days, Tesla lost 1 trillion

author:Moonshot

Musk and Trump have been scolding each other for four days, and this time they have completely broken up.

The main stage of this farce is Musk's own platform X, mixed with the "incitement" of mainstream media such as The Wall Street Journal and CBS. It can be said to be the most exciting reality show in recent times and the traffic code of major social media.

Because the war of words was too intense, with too many elements and one climax after another, it was loved by the mainstream media and the onlookers were stunned.

Even on Weibo, these two people are frequent hot searches recently｜Source: Weibo

Last week, Musk was still the "first buddy" of the White House. On May 30, Trump bid farewell to Musk in a high-profile manner as he stepped down from the Ministry of Government Efficiency, saying reluctantly: "Elon will always be with us and provide help along the way." As a result, in less than three days, the two fell out faster than turning the pages of a book.

Musk directly turned into an "anti-Trump pioneer", and Trump also directly criticized "Elon is so annoying." And in this farce, the biggest victim turned out to be: Tesla.

Is this a game of power or an imbalance of interests?

01 My best friend is really ruthless when he throws the keyboard

The story begins on June 3. Although Musk often makes some "violent remarks" on X, on that day he posted 25 consecutive posts on the X platform, shouting "KILL THE BILL!"

He was not expressing his love for Kill Bill, but rather his strong opposition to Trump's "Big Beautiful Bill" tax and spending bill.

The core of the "Big and Beautiful" bill is to directly raise the U.S. debt ceiling to $4 trillion, and then make America "great again" through infrastructure and tax cuts.

As the former head of DOGE, Musk has been working hard for several months but has failed to reduce the $1 trillion government deficit. This bill is a slap in his face.

Musk started out as a keyboard warrior, saying, "I can't stand this huge, angry, pork-filled congressional spending bill. It's a disgusting abomination. Shame on those who voted for it."

Then he said, "Once the Big, American Bill is passed, the U.S. economy will 'collapse again.'" What Musk didn't say is that he himself is one of the biggest players in the capital market.

Musk also did not forget to settle accounts with fans. He called the "Big, Beautiful Act" an "outrageous, politically funded spending bill" that would "substantially increase the already huge budget deficit to $2.5 trillion. The American people will be burdened with this mountain of debt, and Congress is bankrupting the country!"

After venting his emotions, Musk still wanted to do something practical. He called on his 200 million fans on X to call members of Congress. "Call the members and put pressure on Congress. It's not okay to bankrupt the United States. Kill this bill!"

In addition, Musk's dozens of tweets are interspersed with sarcasm about Trump's tariff policy and he retweeted a large number of comments supporting his views. He also quoted several old posts from Trump from 2012-2013 in a sarcastic tone, calling them "wise remarks", "couldn't agree more 🇺🇸🇺🇸", and "Where is this wise old man? Is he possessed?"

Yin and Yang Master Musk｜Source: X

Musk criticized Trump for two days, but Trump did not respond. He just asked the White House press secretary to publicly state that "President Trump knows Musk's views on the bill, but this will not change the president's views, because this is a big and beautiful bill, and he will resolutely push forward."

At this time, the mainstream media began to fan the flames. The Wall Street Journal was the first to break the news: Trump was "fed up" with Musk in the White House. He said in an internal meeting: "Musk wants to be a presidential adviser? I think he should take care of Tesla first!"

Musk responded by accepting interviews with CBS, Fox and other TV stations, continuing to criticize the "big and beautiful" bill, Congress and the Republican Party, but avoiding Trump himself, which seemed like "shooting the bull from behind the mountain."

Faced with Musk's screen-sweeping attacks, Trump finally couldn't help it. He first said in an interview at the White House, "I'm very disappointed in Elon. I helped him a lot. He knows the effect of this bill better than anyone else. Suddenly he has an opinion because he found out that we are going to force a reduction in electric vehicles."

It’s almost like saying: Musk, you don’t love America at all, you’re just afraid that you can’t sell your electric cars.

Musk seemed to be in the live broadcast room, and he responded in real time by posting, "Wrong, I have never seen this bill."

Then he turned into a god of war, "Without me, Trump would have lost the election long ago. He is so ungrateful." What's even more exaggerated is that he launched a poll: "Is it time to build a new political party that represents the centrists of 80%?" During this period, he did not forget the yin and yang, "President Trump can still serve for 3.5 years, and I still have decades to serve."

Musk does have the capital to say this. He has spent at least $250 million to help Trump and other Republicans get elected in 2024, even at the expense of his own and Tesla's public image.

Now Trump also got anxious and started criticizing Musk on his own social media platform Truth Social.

"Elon was getting annoying, I asked him to leave and rescinded his electric car mandate - forcing everyone to buy electric cars that no one wanted (he knew I was going to do this months ago!) and he went completely crazy!" He not only expressed his attitude towards Musk, but also implied that Musk was so opposed to the "big and beautiful" bill because his interests were harmed.

Trump then said, "The best way to save billions and billions of dollars in the budget is to terminate government subsidies and contracts that Elon receives. I'm always surprised Biden didn't do that!"

As soon as this statement was made, Tesla's stock price plummeted, with the highest drop on the day reaching 14.26%, and its market value evaporated by about US$150 billion.

Image source: Truth Social

Can you believe it? This two-day war of words has not yet reached its climax. After Trump entered the verbal confrontation mode, Musk also completely broke up with him.

"It's time to drop the bombshell, @PresidentTrump was on Epstein's list, and this is the real reason why he didn't want it to be exposed." At the end, he also said murderously, "Have a nice day, DJT (Trump's initials)!"

Epstein, known for his involvement in underage sex trafficking and sexual assault charges, died mysteriously in prison in 2019. His list is the infamous "Lolita Island Customer List."

This made the Democrats very happy, and various Democratic politicians took the opportunity to demand that the documents be made public so that we can see them too.

Perhaps because he was angry that Trump questioned his patriotic stance, Musk immediately announced that "in view of the president's statement on canceling my government contract, SpaceX will retire the Dragon spacecraft on the spot."

You should know that SpaceX is one of the largest aerospace contractors of the US government and an important partner of NASA. The current manned space activities of the United States rely heavily on SpaceX's "Dragon" spacecraft. Two months ago, two American astronauts were stranded in space for several months. It was NASA that asked SpaceX to use the "Dragon" spacecraft to bring them back to Earth, saving the "national dignity" of the United States.

Musk's implication is: You accuse me of profiting from government contracts and just wanting to sell electric cars? Let me show you how much I've contributed to the United States.

He then retweeted several posts full of "patriotism" and replied "yes" to a post supporting the impeachment of Trump.

Now, Musk has questioned the "legitimacy" of Trump being president, and there is no going back for the two of them.

But if you ask who suffered the most in this war of words, it has to be Tesla.

02 Tesla is caught in the crossfire

From June 3 to June 6, Tesla's stock price was like a roller coaster ride, with its market value evaporating by as much as $150 billion in one day, setting a historical record.

When investors saw that Musk was busy arguing with Trump and the policy environment was unfriendly, they all ran away.

In 2024, the global electric vehicle market increased by 25%, but Tesla fell by 1%. Its market share in the United States dropped from 70% in 2021 to less than 50% in 2024.

This year is even worse. Tesla's sales in the first quarter of 2025 have fallen to the lowest level in three years, and its revenue has plummeted by 71%. At the peak of the tariff war, Tesla's stock price once plummeted by 45% this year.

Tesla even issued a warning to investors: changes in political sentiment may reduce product sales.

This is almost like saying directly: Musk’s political adventure has "implicated" Tesla.

To make matters worse, consumers not only stop buying cars, but also smash them.

In recent months, "Tesla Takedown" movements have been launched across the United States, with Tesla service centers being smashed and charging stations being burned.

Previously, The Wall Street Journal said that Tesla was looking for another leader. Source: The Wall Street Journal

After the news that Tesla's board of directors was looking for a new CEO (which has been officially denied), Musk also quickly stepped down from DOGE, saying that he would spend less time as a regent and focus more on Tesla.

Trump's situation was not much better. The stock price of his Trump Media and Technology Group fell by 81% during the war of words.

The crypto market was even more dire, with Ethereum falling 8% and Bitcoin losing $4,000 in one day.

Musk is a businessman after all, not a real politician. His brief "political experience" in DOGE has already made Musk disheartened. The tag "#FireElon" on X has been flooded with comments, and he has received a large number of death threats for this.

Trump’s tariff policy has caused Tesla’s car manufacturing costs to skyrocket, and the Optimus robot project has been stuck due to China’s rare earth restrictions. Now Space X has also publicly fallen out with the US government and NASA.

The key is that these "pits" were dug by Musk himself in 2024 after he spent more than 200 million US dollars and used people and platforms to help promote them, helping Trump to return to power in 2024.

Politicians set up the scheme and companies pay the bill. This time, Musk must have realized what it means to "carefully cultivate the leeks, but end up reaping the rewards yourself." His own company has been completely dragged down by his own political adventures.

However, this breakup was both reasonable and unexpected.

After all, Trump has never been interested in the electric vehicle business. In 2013, he complained on Twitter that Tesla was "burning money for nothing." Not to mention that he will focus on "America First" in his 2024 campaign, vigorously promoting traditional manufacturing in the Midwest, and is determined to make fuel vehicles and factory workers "great again."

After Trump was elected, Musk insisted on taking the "Dark MAGA" route of elite rule in the United States, which has long made Trump's core "redneck MAGA" unhappy.

To put it bluntly, Musk wants the United States to be the world's Iron Man, while Trump just wants Americans to go back to driving old pickup trucks.

This powerful alliance was ultimately a waste of time.

Of course, the two protagonists of the White House duo are businessmen after all, so it is hard to say how the situation will develop next. It is entirely possible that the two will become good friends again in an instant. The spectators are happy, but the stock market and the industry are unlucky.

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