Elon Musk and Donald Trump's friendship has officially ended, resulting in a public feud marked by sharp criticisms and threats. Musk called for Trump's impeachment and criticized his connections to Jeffrey Epstein, while Trump threatened to cut federal contracts with Musk’s companies. The fallout was tangible, with Tesla's stock plummeting 15%, erasing $150 billion in market value. This dramatic shift illustrates how their alliance has turned sour amidst political discourse and upcoming midterm elections, highlighting Musk's diminishing influence and the potential repercussions for the Republican Party.
Four days into the public feud between the world's most powerful person and the world's richest person, though, I declare Musk the loser.
Such ingratitude. The fallout was immediate. Shares in Tesla, already struggling, slid 15%, knocking about $150bn from its total market value.
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