A once-curious bromance between former US President Donald Trump and tech billionaire Elon Musk has taken a sharp turn, erupting into a public and increasingly personal feud that’s capturing global attention.
From Allies to Adversaries
Tensions flared when Musk slammed Trump’s proposed “Big Beautiful Bill”, a controversial economic plan featuring defence spending boosts and cuts to electric vehicle incentives and social programs. Musk, a vocal EV advocate, called it “repugnant.” Trump hit back, mocking Musk with claims of “Trump derangement syndrome” and hinting at cancelling federal contracts with his companies.
In light of the President’s statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately pic.twitter.com/NG9sijjkgW
— Elon Musk (@elonmusk) June 5, 2025
Accusations and Market Fallout
In a dramatic twist, Musk retaliated by suggesting Trump may be linked to the Jeffrey Epstein scandal, a claim he says explains delays in document releases. Markets didn’t take the spat lightly. Tesla shares nosedived over 14%, one of its worst days on record, amid concerns over potential loss of federal support for Musk’s ventures, including Tesla, SpaceX and Starlink.
Behind the Scenes: Money and Politics
Adding more heat, reports claim Musk owes Trump $100 million. Meanwhile, Republican insiders are reportedly uneasy about Musk’s unpredictability and its potential to harm their 2026 electoral prospects.
Global Ripples
While this drama unfolds in the US, the fallout could have global repercussions. In Australia, Tesla has a major presence and Starlink is expanding. This feud is more than just political theatre. It could influence investor confidence, tech markets, and diplomatic currents.
