On June 6, on the second day of a public verbal battle, Trump and Musk separately released "reconciliation signals" - the former said communication with Musk was progressing smoothly and had arranged a call; the latter made a positive response under an investment tycoon Bill Ackman's sharp comment that "cooperation benefits both, separation hurts both".
Just when everyone thought the "Trump-Musk combination" could repair their relationship through dialogue, the situation took another turn. On June 8 Beijing time, Trump stated that if Musk funds Democratic candidates opposing the Republican budget bill, he would face "very serious consequences" and "pay a price". Additionally, he added that he has no intention of repairing their relationship, saying "I think this relationship is over".
One is a powerful US president, the other a billionaire global richest man. Given their sensitive and important identities, their relationship not only affects the crypto market but also impacts the global economic landscape. Odaily will briefly review the recent developments of the "Trump-Musk dispute" for readers' reference.
Trump-Musk Dispute Background: Gathering and Fighting Due to Interests
Regarding the public falling out between Trump and Musk, please refer to our previously published article.
In summary, their conflict focuses on Trump's "Big Beautiful Bill" potentially impacting Tesla's "carbon emission profits", which is unacceptable for Tesla, which has profited significantly from government subsidies and carbon credits.
Moreover, Trump had previously vetoed Musk's ally Jared Isaacman as NASA director, rejected the Starlink proposal, and refused to extend his "special employee" status, which can be described as a "American version of killing the rabbit and cooking the hunting dog".
The Most Expensive "Breakup": Tesla's Market Value Shrank by Over $150 Billion in a Single Day
Previously, due to their public confrontation, Tesla dropped over 14% in a single day, with market value shrinking by $153 billion, creating the largest single-day drop in history. Musk, holding about 12.8% of Tesla stocks, saw his personal wealth shrink by over $19.5 billion.
For Musk, who spent $44 billion acquiring Twitter and nearly $300 million supporting Trump's campaign, this conflict is a significant blow, even for his wealthy status.
Musk vs Trump Net Worth Comparison: World's Richest vs Ranked 677th
Despite this, thanks to previous wealth accumulation, according to Forbes' real-time billionaires list, Musk remains first with $393.8 billion, far surpassing the second-place Mark Zuckerberg, third-place Jeff Bezos, fourth-place Larry Ellison, and even Warren Buffett, whose wealth is nearly three times less.
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As a comparison, although Trump has significant political power as a US president, his personal wealth is only $5.5 billion, ranking 677th on the Forbes list, considerably less than Musk. However, the US presidential status puts Trump in a proactive position, with political power's direct influence always greater than economic wealth's indirect impact.
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After their conflict erupted, the US political arena has seen a series of responses, indirectly proving that Musk is not just about wealth, but also has significant political influence through his personal charisma and resources. After all, not everyone can argue with a US president and receive a positive response.
Spectators of the "Trump-Musk Dispute": Politicians, Family, and Even a Former Russian President
After Trump and Musk's dispute began, numerous connected individuals attempted to mediate, including Musk's father, US Vice President Vance, the House Speaker, and even the former Russian President Medvedev.
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Perhaps in Musk's view, although Trump previously stated that he had a good good relationship with Putin, it is obvious that Medvedev, as a "Putin's lackey," does not have the qualifications to mediate the conflict between him and Trump, let alone the far-fetched idea of using Starlink shares as do a.
Latest Development: Musk and Trump Become Allies Again, Targeting California Unrest
The latest development in the "Trump-Musk" saga is that Musk and Trump have once again become allies, this time jointly pointing their fingers at California, especially Los Angeles, which recently experienced unriot un>accompanied by the "🇺🇺🇸".
Musk reposted Vance, seemingly showing goodwill
Subsequently, Musk posted a screenshot on X retweeting Trump's criticism of the California governor and mayor on Truth The stated, "Governor Gavin Newsom and Mayor Bass shouldize of Angeles performance, including the ongoing Los Angeles unrest. These are They are not protesters, trouble,makers and. Remember, don't wear masks."masks.
In his latest tweet, Musk retweeted a meme video created by an X platform, userically mocking California Governor Newsom's ineffectand suggesting he could use the current unrest footage in his 2028 campaign.
, Singapore's Lianhe Zaobao reported had that Musk fell out with Trump, he became the target of Democratic Democratic Party's' wooing; according to the U.S. Flag News Agency, Democratic Congressman Conner, who has known Musk for over 10 years, talked to Musk's confidant on the 5th, discussing whetherUsk if MDemocratic Party in the midterm elections next year; there rumors also that claimed that support legislators and candidates in the 2026 midterm elections.
In the current unfinished "Trump-Musk" saga, Musk's may be a side response to these unsubstantiated rumors, and also a hint to Trump: I will not defect to the Democratic Party.
As for when they will shake hands and make peace, it may still depend on the dust settling of the "Big and Beautiful Act," and whether the specific provisions are as damaging as Musk envisioned.
