Trump and musk break alliance – a power struggle shakes america

A political and corporate storm has erupted between the President of the United States, Donald Trump, and tech magnate Elon Musk, in a conflict that is already shaking the economy, stock markets, and the highest circles of power in the nation.
The breaking point came this week when Elon Musk, CEO of Tesla and SpaceX, publicly attacked Trump’s new legislative initiative, the 'One Big Beautiful Bill Act,' calling it a 'disgusting abomination.' Musk warned that this bill could lead the U.S. into an unprecedented economic crisis and even suggested that the president might be linked to unreleased files from the Jeffrey Epstein case.
President Trump quickly responded, calling Musk 'crazy' and 'ungrateful,' and threatened to cancel all federal contracts with his companies. Trump claimed that Musk was angry about the removal of electric vehicle subsidies, including state funding for certain SpaceX technologies.
The war is on.
The consequences were swift:
Tesla shares fell by 14%, wiping out over $150 billion in market value.
SpaceX, which has over $1.1 billion in government contracts, could lose up to 7% of its annual revenue if Trump’s threats are carried out.
The Nasdaq posted its biggest drop so far this June.
While some advisors have attempted to mediate, there are no scheduled calls or meetings between the two. However, sources close to Musk indicate he is willing to deescalate the situation.
The tension between two of the world’s most powerful men is more than a disagreement: it is a clash of egos, visions, and ambitions that could have historic consequences for the politics, economy, and technological future of the United States.
From GloobalNews, we will continue to provide real-time updates on the next episodes of this unprecedented confrontation.
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