Trump Responds Casually to Feud with Elon Musk
US President Donald Trump brushed off the public confrontation with Elon Musk, responding with "Oh it's okay" when questioned about their escalating fallout. Despite the high-profile tension, the White House is reportedly attempting to ease the dispute by scheduling discussions with Musk.
Background of the Political Rift
The once-close political alliance between Trump and Musk, highlighted by Musk’s substantial campaign donations totaling $300 million, deteriorated publicly when Musk criticized Trump’s recent spending bill as excessive. In response, Trump expressed disappointment and threatened to revoke significant government contracts awarded to Musk’s companies.
Economic Ramifications and Stock Impact
The fallout has had tangible economic consequences. Shares of Musk’s electric car company, Tesla, experienced a noticeable decline amid the upheaval. Furthermore, Musk pledged to terminate a critical US space exploration program funded by government contracts, signaling potential disruptions in the aerospace sector.
Mutual Accusations and Public Disputes
- Musk asserted that Trump's 2024 election victory was largely dependent on his financial backing.
- Trump, meanwhile, highlighted his strong favorability ratings despite the turmoil.
- The dispute escalated through social media exchanges and public statements, intensifying media attention.
Efforts to Resolve the Conflict
White House aides have arranged a phone call with Musk aimed at repairing the strained relationship. The administration appears motivated to mitigate the political and economic risks posed by the feud, given Musk's influential status in technology and industry.
