Trump-Musk Feud Rattles Tesla, Crypto Markets

President Donald Trump is planning to sell or give away the red Tesla he purchased earlier in 2025 to support Elon Musk, following a public feud between the two. The dispute featured public insults, accusations, and threats by Trump to terminate government contracts with Musk's companies, causing Tesla’s stock to plunge as much as 18% before partially recovering. Investor Ross Gerber and others have reduced their Tesla holdings, citing concerns over Musk’s leadership and the board’s response. The feud has also affected financial and crypto markets, with Bitcoin and Dogecoin experiencing minor declines. While the White House appears ready to focus on legislative priorities, Musk has shown some willingness to ease tensions. The situation underscores how personal disputes between high-profile individuals like Trump and Musk can have broad political and market repercussions.