In a phone interview with NBC News, Trump dismissed anypossibility of mending ties with Musk after a public feud between the two menescalated this week. Tensions intensified earlier in the week when Muskcriticized the GOP-led spending package, which had passed the House in May.
Trump also rejected calls from allies—among themconservative activist Steve Bannon—to investigate Musk’s business dealings orimmigration record.
Trump responded by calling him “a man who has lost his mind”and hinted at selling or donating his Tesla vehicle, which he had purchased asa symbol of support for the SpaceX CEO.
The sharpest loss came after Trump publicly threatened tocut government contracts with Musk’s firms, triggering a 14 percent drop inTesla shares, erasing $152 billion in value. Musk’s personal fortune also fellby an estimated $34 billion during that session, though he remains the world’srichest person with a net worth of around $334.5 billion.
The tech billionaire was a major donor to Trump’s 2024campaign, reportedly contributing over $250 million to support swing-stateefforts. At the start of his term, Trump appointed Musk to head the Departmentof Government Efficiency, where Musk implemented mass layoffs and shut downseveral federal agencies.
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