Trump-Musk Feud Tanks Tesla Stock, Escalates Claims

A public feud has erupted between US President Donald Trump and Tesla CEO Elon Musk after Musk harshly criticized Trump's signature 'One Big Beautiful Bill,' focusing on its treatment of the debt ceiling and removal of the electric vehicle tax credit. In response, Trump dismissed Musk as 'the man who has lost his mind' and accused him of 'Trump derangement syndrome.' Musk countered by highlighting his $250 million campaign donation to Trump and denying that the tax credit was his motivation. The dispute has caused Tesla's stock to lose over $100 billion in market value and significantly reduced Musk's net worth. Amid the conflict, Musk made unsubstantiated claims about Trump's alleged ties to Jeffrey Epstein, which the White House dismissed as baseless. The White House also confirmed Trump does not plan to speak with Musk and is focused on passing his bill.