Musk-Trump: the final clash. And Tesla creaks on the stock market
Yet another social clash between the two former friends. For the President, the Doge must take a good look at all the subsidies to the entrepreneur's businesses
2' min read
2' min read
That it was only a matter of time, several analysts had widely predicted. Both Donald Trump and Elon Musk were too unwieldy to be together. And indeed, the relationship between the two has not only come to an abrupt end, but has left heavy dross and opened a communication war that is destined to last for a long time to come.
The result this time is all to the detriment of Tesla, which lost up to 6% on Wall Street after Trump threatened to remove all subsidies from Musk's companies.
But let us go in order.
The friendship between the US president and the South African-born billionaire had been a bit of a pillar of the last US presidential election. Musk shelled out some $250 million to support Trump. And Trump, for his part, had entrusted the Tesla ceo with the Doge, i.e. the Department of Public Efficiency. A body set up to cut spending at state offices in the US.
But after about four months with ups and downs - with Musk paying the worst consequences of this situation as he became a symbol of Trumpism and his Teslas became politically aligned cars - the relationship imploded. And the two started exchanging accusations on social media.
