Tensions between Musk and Trump cause significant decrease in their corporation's stock value.
Step aside, politics! We're diving into the juicy world of U.S. President Donald Trump and Elon Musk's heated feud. The clash between these two power players has ignited a wildfire, causing a hiccup in their respective companies' stock prices. Buckle up and let's get the inside scoop!
Trump's and Musk's corporate shares plummeted following their public spat, with Tesla falling nearly 15% and Trump Media & Technology Group shed approximately 11%. The war of words started when Musk tweeted, "@realDonaldTrump is in the Epstein files. That's the real reason they haven't been made public. Have a nice day, DJT!" Oh, boy, did Trump catch wind of that!
The Showdown: Yesterday's Squabble
The fracas between these two titans escalated the previous day. Trump grumbled that he was "disappointed in Elon" for opposing his new bill on multi-billion dollar government spending. The White House leader pointed the finger at Musk's gripe being the reduced government subsidies for electric vehicles in the U.S., which, coincidentally, do Musk's businesses some good.
Quick on his heels, Musk unleashed a veritable tweetstorm, slamming Trump's remarks on government subsidies as "obviously false." He went on to boast that he helped Trump win the election. Musk even revived his campaign's famous phrase, "Kill the Bill," a title he repurposed for the initiative.
Trump reiterated his stance on government subsidies and derided Musk, stating, "Elon has gone mad." If that wasn't enough, Musk amped up the drama with accusations directed at Trump himself. The billionaire, in a bold move, claimed that Trump was mentioned in Jeffrey Epstein's files. Musk even shared a video on Twitter of Trump attending one of Epstein's notorious parties in 1992 covering a group of young women. Brace yourself, folks, because things are getting murky!
👉 Here's the video if you dare to take a peek!
The Aftermath: A New Political Frontier?
Ever the opportunist, Musk also suggested creating a new political party in the U.S., and boy, did the poll numbers speak volumes! Over 80% of the 2.5 million who cast their votes agreed with the idea. Those cheering on the sidelines even proposed ousting Trump and replacing him with Vice President Jay D. Vance. Time will tell what the future holds for these heavyweight counterparts!
While they're slagging it out in the public sphere, it's the investors and stock market who are caught in the crosshairs. But fear not, keen observers! There's a point where the online drama meets the real world, so strap in and keep your eyes glued to the financial channels.
Fun Fact: It seems that Russia is ready to act as a peacemaker, offering a platform for a face-to-face conversation between these two powerhouses. Who knows, this squabble might just end up sparking a productivity wave of collaborations and innovative projects!
[Image Source: Pexels]
The heated feud between Elon Musk and Donald Trump has extended beyond politics, seeping into the realms of finance, business, social media, entertainment, and general news. Both tech entrepreneur Musk and former President Trump have experienced significant drops in their company's stock prices, with Tesla diving nearly 15% and Trump Media & Technology Group shedding approximately 11%.
As the online drama escalates, speculations of creating a new political party in the U.S. by Musk have garnered massive support, with over 80% of voters agreeing with the idea, potentially shaking up the political landscape.
Russia has stepped forward as a potential mediator, offering a platform for a face-to-face conversation between the two tycoons, sparking hope for a possible collaboration and productivity wave. Meanwhile, investors and stock market participants remain caught in the crosshairs, eagerly watching the unfolding events and their impact on the financial landscape.
