Trump and Musk's feud caught global attention of billionaires

Source Cryptopolitan

Fractures in President Donald Trump and tech billionaire Elon Musk’s relationship has split the political and business world. Over the past 12 hours, lawmakers, billionaires, and internet personalities have been reacting to the serious accusations, policy threats, and personal insults between the world’s richest man and the President of the United States.

After months of frequently praising each other in public and making appearances together at events, Musk and Trump abruptly turned against each other this week. The former is claiming credit for Trump’s 2024 election win, propounding that without his influence, Democrats would have retained the House, and Republicans would have only narrowly held the Senate.

Without me, Trump would have lost the election,” Musk posted on social platform X. “Dems would control the House and the Republicans would be 51-49 in the Senate. Such ingratitude.”

President Trump responded by threatening to revoke billions of dollars in government subsidies and contracts for Musk’s SpaceX’s national Space Station, which relies on SpaceX’s Dragon spacecraft.

Trump and Musk accusations and allegations cause spur

On Thursday evening, Musk accused Trump of being “in the Epstein files” without evidence, only backing his claims by saying it was the reason certain documents related to Epstein had not been released to the public. 

White House Press Secretary Karoline Leavitt bashed the Tesla CEO’s statements and said he was acting out because of his “dissatisfaction with the administration’s legislative priorities.” 

This is an unfortunate episode from Elon, who is unhappy with the One Big Beautiful Bill because it does not include the policies he wanted,” Leavitt said in a statement yesternight.

Conservative political commentator and author Candace Owens supported Leavitt’s sentiment, posting on social media: 

Trump is implicated alongside a pedophile, and I knew it but didn’t care because we were friends’ is not the flex you think it is.” 

She was backed by internet personality Graham Allen, who questioned Musk’s timing of the claims. “According to Elon Musk, Trump is on the Epstein list. So naturally, he let him hang out with his kid. I DO NOT BELIEVE ELON,” Allen said.

A source familiar with the administration told CNN that previously released Epstein-related files included references to Trump’s name due to his past association with Epstein in the 1990s and early 2000s. Still, it reiterated that there are no allegations against the president. 

The source also talked about several of Musk’s own posts earlier this year, including one in which he wrote, “I love Trump as much as a straight man can love a straight man.” This, according to them, places Musk’s sincerity into question. 

If Elon truly thought the President was more deeply involved with Epstein, why did he hang out with him for 6 months?” the source asked.

Ye, the rapper who has close ties with both Trump and Musk, took to X to beg the powerheads to reconcile. “Broooos please noooooo,” he wrote, “we love you both so much.”

Musk has been reposting Trump’s commentary on social media when the latter lambasted the Biden administration for passing laws that could increase America’s public debt. He told his followers on X that the “big beautiful bill” would trigger a recession by the end of the year. He reposted a February interview with CPAC, warning of fiscal insolvency.

Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
China sends warning to BYD and its rivals amid heightened price warsChinese authorities summoned executives from the country’s major electric vehicle (EV) manufacturers, including industry leader BYD Co., to a closed-door meeting in Beijing this week, according to people familiar with the matter, cited by Bloomberg.
Author  Cryptopolitan
10 hours ago
Chinese authorities summoned executives from the country’s major electric vehicle (EV) manufacturers, including industry leader BYD Co., to a closed-door meeting in Beijing this week, according to people familiar with the matter, cited by Bloomberg.
placeholder
NZD/USD Price Forecast: Rejection at 0.6080 brings 0.6000 back into playNew Zealand Dollar’s upside attempts were capped at 0.6180 on Thursday, and the pair is extending the reversal on Friday, against a somewhat firmer US Dollar, which brings the 0.6000 support area back into focus.
Author  FXStreet
11 hours ago
New Zealand Dollar’s upside attempts were capped at 0.6180 on Thursday, and the pair is extending the reversal on Friday, against a somewhat firmer US Dollar, which brings the 0.6000 support area back into focus.
placeholder
Solana Price Forecast: SOL tests $140 support zone amid rising selling pressureSolana (SOL) edges higher by 2% at press time on Friday as it avoids a drop to the $140 support zone. However, the Solana price trend is approaching its second consecutive bearish week close, following a near 6% drop on Thursday.
Author  FXStreet
11 hours ago
Solana (SOL) edges higher by 2% at press time on Friday as it avoids a drop to the $140 support zone. However, the Solana price trend is approaching its second consecutive bearish week close, following a near 6% drop on Thursday.
placeholder
US Dollar Index (DXY) nudges up to 99.00 with markets bracing for the US NFPThe US Dollar Index (DXY) is showing a moderately positive tone on Friday, with investors trimming US Dollar lows ahead of May’s US Nonfarm Payrolls release.
Author  FXStreet
11 hours ago
The US Dollar Index (DXY) is showing a moderately positive tone on Friday, with investors trimming US Dollar lows ahead of May’s US Nonfarm Payrolls release.
placeholder
Stock Futures Edge Up as Trump-Musk Feud Cools, Jobs Report LoomsU.S. stock futures edged higher on Friday as markets awaited the critical May nonfarm payrolls report and signs emerged that the escalating feud between President Donald Trump and Elon Musk may be cooling.
Author  Insights
11 hours ago
U.S. stock futures edged higher on Friday as markets awaited the critical May nonfarm payrolls report and signs emerged that the escalating feud between President Donald Trump and Elon Musk may be cooling.
goTop
quote