Musk-Trump Feud Escalates With Financial Fallout

Elon Musk's opposition to President Donald Trump's 'Big Beautiful Bill' escalated into a public feud, with Musk openly criticizing the legislation, accusing Trump of ties to Jeffrey Epstein, and calling for his impeachment. The dispute triggered a dramatic 14% drop in Tesla shares, wiping out about $138 billion in market value and reducing Musk's personal net worth by $34 billion in a single day. In response, Trump threatened to sever federal contracts and subsidies with Musk's companies, raising concerns about the future of Musk's government business. The conflict has attracted extensive media and political commentary, with some viewing it as a distraction from legislative priorities. The rift has deepened divisions within the Republican party and introduced uncertainty for both the tech sector and political landscape. Broader issues such as automation and worker protections have received less attention amid the high-profile feud.