Elon Musk Vs Donald Trump – Reason, Allegations & Impact

On 5th June 2025, Elon Musk and President Trump’s relationship deteriorated dramatically in front of the public. Musk claimed that Mr. Trump could not have won the presidency without him, and the president threatened to revoke Musk’s lucrative government contracts. Now, we have to see what comes in the Elon Musk Vs Donald Trump Development. The heated argument started when Musk opposed the Republican tax and budget bill. There are many Key Allegations Between Elon And Trump which are discussed in this post. “Trump is in the Epstein files,” Musk said on Thursday, revealing what he called “the massive bomb,” namely that Mr. Trump’s name was found in the files about the case of Jeffrey Epstein, the disgraced financier who committed suicide in federal custody in 2019 while facing sex trafficking charges. 

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Elon Musk Vs Donald Trump

Trump’s economic package, particularly the reductions in clean energy incentives, was the initial point of contention between Elon Musk and Trump. The conflict between Elon Musk Vs Donald Trump began when Musk denounced Trump’s tax and spending plan, the “Big Beautiful Bill,” as a “disgusting abomination” that would result in a $2.5 trillion rise in the national debt. Trump responded by criticising Musk and threatening to revoke government subsidies and contracts for Musk’s businesses, such as SpaceX and Tesla. When the Trump administration took office, officials promised to release further Epstein case papers. Conservatives who have called for greater transparency criticised the Justice Department’s February restricted release of unredacted copies of data that had been available to the public for years.

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Elon Musk & Trump Feud

What Are The Key Allegations Between Elon And Trump?

You should read the following lines to know about the Key Allegations Between Elon And Trump.

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• Epstein Files: Musk claimed that the reason the Jeffrey Epstein files haven’t been made public is that Trump’s name is in them. Epstein was a financier with ties to powerful people who was charged with sex trafficking.
• Tariffs: Musk claims that Trump’s tariffs will cause a recession in the second half of the year. 
• Musk Slams “Big Beautiful Bill”: Musk said the bill would worsen the federal deficit and undermine cost-cutting efforts.
• Trump Pushes Back: Trump claimed Musk knew the bill’s details but opposed it only after electric vehicle incentives were cut.
• Musk Denies Trump’s Claims: Musk Rejects Trump’s Allegations: Musk said that he was never handed the measure and that lawmakers did not read it before it was swiftly passed.  
• Tesla Stock Plummets: Tesla’s stock price dropped over 14%, wiping out $152 billion in market value, amid concerns that Trump’s actions might hurt the company.

Reason for the Conflict Between Elon and Trump

The argument between Elon Musk and Donald Trump began when Musk called Trump’s economic policy a “disgusting abomination” and opposed the reduction of clean energy incentives in particular. In response, Trump said he was disappointed by Musk’s comments and threatened to cut off government subsidies and contracts for Musk’s businesses, such as SpaceX and Tesla. The main reasons are as follows:

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• Economic bill disagreement: Trump defended his “One Big Beautiful Bill” when Musk criticised it, and Musk accused Musk of attempting to undermine it by removing tax benefits for electric vehicles.

• Government contracts and subsidies: Musk declared that SpaceX would start decommissioning its Dragon spaceship in retaliation for Trump’s threat to end government contracts and subsidies for Musk’s businesses, intensifying the conflict.

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• Epstein files controversy: According to Musk, the reason the Jeffrey Epstein files haven’t been made public is that Trump’s name is in them. Demands for the complete disclosure of Epstein materials have been stoked by this charge.

• Influence and personalities: The two billionaires’ divergent approaches to influence and personalities are another factor contributing to the feud. Musk places more importance on disruption and freedom than Trump does on allegiance and dominance. 

Impact of Elon Musk & Donald Trump Conflict

The Elon Musk-Donald Trump feud has significant implications for various sectors.

1. Financial Impact: Concerns that Trump’s actions would harm the company caused Tesla’s stock price to drop more than 14%, wiping off about $150 billion in market value. The space and tech sectors may be significantly impacted by Trump’s threat to revoke government contracts and subsidies for Musk’s businesses, such as SpaceX and Tesla. 

2. Political Implications: Both individuals exchanged scathing jabs and accusations on social media as the argument heated up, possibly affecting public opinion and their respective fan bases. The dispute might have an impact on how the US government and Musk’s companies interact, including influencing laws about technology, electric cars, and space development.

3. Industry Consequences: Trump’s warning prompted Musk to say that SpaceX’s Dragon spacecraft would be decommissioned, which may have repercussions for NASA partnerships and the space sector.

4. Global Implications: The conflict may have an impact on US-international relations, especially when it comes to trade and technology. 

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