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Musk vs Trump Feud

• by Martin Armstrong

You saw it working first and then encountered real trouble in the second half. You even hinted that he might not finish the term. Do you have any updates on that comment?

PAK

ANSWER: This blow-up between Donald Trump and Elon Musk is truly a disaster since Musk was Trump's right-hand man. Musk has spent the past week attacking the GOP's tax-cut bill just as Trump was pushing for its passage. This is becoming very confusing behind the curtain for many. The GOP was counting on both men. This appears to be what the computer has been warning about, suggesting that it did not see clear sailing for Trump during his 4-year term.

In all fairness, I am not sure what Musk expected. To put out this comment seems to be burning your bridges entirely, and this accomplishes nothing. Musk responded to Trump's decision to cut subsidies for EVs but not for fossil fuels. He posted, "Whatever," followed by, "Keep the EV/solar incentive cuts in the bill, even though no oil & gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill." This does create the image of a potential conflict of interest. These comments have wiped off $150 billion in value from Tesla.

This feud has escalated to insults ranging from pending legislation, why Musk left the White House, and how Trump may owe the fact he's there at all to Musk's millions. Trump immediately threatened Musk's contracts, and Musk threatened to kneecap a key tool of the US space program. Musk then even suggested Trump should be impeached for a third time. You do not air your dirty laundry in public. I am surprised by Musk's actions. This has implications for the financial markets.

Musk has lambasted the GOP bill and said that it will push the national debt close to $40 trillion as a budget-busting "abomination." Trump, who said he's "disappointed" by Musk's sniping, claimed the end of electric-vehicle tax credits (and Tesla's coming $1.2 billion loss as a result) is what drove his former adjutant away. "Such ingratitude," Musk retorted. "Without me, Trump would have lost the election, Dems would control the House, and the Republicans would be 51-49 in the Senate."


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