Trump-Musk feud wipes $152 billion off Tesla, sparks Dragon spacecraft threat and Epstein files claim
- by TechSpot
- Jun 06, 2025
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WTF?! When the president of the United States and the world's richest person have a falling out, the ramifications can be widespread. Since Musk and Trump went from friends to enemies, $152 billion has been wiped off Tesla's share price, and Musk has threatened to decommission the SpaceX Dragon spacecraft that NASA relies on to deliver crew to and from the International Space Station. Musk has also said that Trump appears in files relating to Jeffrey Epstein.
When he left the White House last week, Musk blasted those who said he'd had a falling out with Trump. The CEO insisted his departure was due to his scheduled 130 days as a government employee coming to an end. But Musk had been publicly criticizing Trump's Big Beautiful Bill Act, warning it would increase the budget deficit.
After learning that an electric-vehicle tax credit that would help incentivize Tesla purchases was not included in the bill, Musk called it "a disgusting abomination" on X and urged Americans to call Congress to have the bill killed.
On Thursday, the two men used their respective social media platforms to throw insults at each other. At one point, Trump threatened to "terminate Elon's Governmental Subsidies and Contracts" as a way to slash billions of dollars from the budget.
The warning sent Tesla's shares down just over 14%, wiping around $152 billion off its valuation – and almost $100 billion off Musk's total net worth.
In response to Trump's threat to cancel Musk's government contracts, Musk said SpaceX will begin decommissioning its Dragon spacecraft immediately. The craft, which NASA relies on for transport missions including ferrying astronauts to the ISS, is under contract worth roughly $4.9 billion. The capsule is the only US spacecraft capable of flying humans into orbit. The only other crewed spacecraft that sends astronauts to the ISS is Russia's Soyuz system.
In light of the President's statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately pic.twitter.com/NG9sijjkgW
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