Elon Musk's recent criticism of the GOP's spending bill has sparked a public feud with Donald Trump, leading to a sharp decline in Tesla's stock price and a significant loss in Musk's net worth. The conflict escalated after Trump accused Musk of complaining about the bill due to the removal of tax benefits for Tesla. In turn, Musk denied Trump's claims, digging up past tweets to support his stance and threatening to shut down SpaceX operations in response to Trump's threats about federal contract cancellations.
As Musk's marathon posting continued throughout Thursday, Tesla shares began to fall.
This is an unfortunate episode from Elon, who is unhappy with the One Big Beautiful Bill because it does not include the policies he wanted.
Trump responded with his own barbs, threatening to cancel federal contracts with Musk's companies.
Musk said he'd immediately decommission SpaceX's Dragon spacecraft in response to Trump's threat.
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