Feud Between Trump and Elon Musk Escalates in Public View


 

A rift between President Trump and billionaire backer Elon Musk erupted Thursday with the two trading insults.


President Trump and billionaire Elon Musk traded barbs and insults throughout Thursday, rupturing a relationship that had been one of the most consequential in modern American politics. The feud exploded after Musk’s aggressive criticism of Trump’s tax and spending megabill.

What Trump said: The president said Musk, who stepped down from his role as the president’s cost-cutting czar last week, was suffering from “Trump derangement syndrome” and opposed the megabill because of its rollback of electric-vehicle tax credits. Trump also threatened to eliminate government subsidies and contracts for Musk’s businesses.

What Musk said: Musk, who spent hundreds of millions of dollars to help get Trump elected, said that the president was ungrateful and wouldn’t be sitting in the Oval Office without him. Musk floated the idea of starting a third political party and agreed with a tweet that Trump should be impeached.

He also said Trump’s name was in the files on disgraced financier Jeffrey Epstein, which is why, he said, they haven’t yet been released.

What others said: Democrats, Steve Bannon and the social-media universe wasted little time in weighing in.

How Tesla’s stock reacted: Shares of Musk’s electric-vehicle maker fell 14% Thursday, losing about $152.4 billion in market value, the stock’s biggest one-day slide on record.

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