Original｜Odaily Planet Daily (@OdailyChina)
On June 6, the day after their public spat, Trump and Musk each sent out "reconciliation signals" to the outside world—the former stated that communication with Musk was progressing smoothly and had arranged a call; the latter made a positive response to investor Bill Ackman's sharp critique of their relationship, saying he was right.
Just when everyone thought the "Trump-Musk duo" could salvage their relationship through dialogue, the situation took another turn. On June 8, Beijing time, Trump stated that if Musk funded Democratic candidates opposing the Republican budget proposal, he would face "very serious consequences and would pay a price." Additionally, he added that he had no intention of repairing their relationship, saying, "I think this relationship is over."
One is the powerful President of the United States, and the other is the world's richest billionaire. Given their sensitive and important identities, their relationship not only affects the cryptocurrency market but also impacts the global economic situation. Odaily Planet Daily will briefly summarize the recent developments in the "Trump-Musk feud" for readers' reference.
Background of the Trump-Musk Feud: United by Interests, Divided by Interests
For details on the public fallout between Trump and Musk, please refer to our previous article, “Musk and Trump’s ups and downs, the financial market and I can’t take it anymore”.
In summary, the focus of their dispute lies in Trump's promotion of the "Big Beautiful Bill" (translated literally as "大而美法案"), which would affect the "carbon emission profits" of Musk's Tesla. This is undoubtedly unacceptable for Tesla, which profits significantly from government subsidies and carbon emission credits.
Moreover, Trump had previously vetoed Musk's ally Jared Isaacman from becoming NASA director, rejected the Starlink proposal, and denied the extension of his "special employee" status, which can be seen as “the American version of the rabbit dies, the hound is cooked.”
The Most Expensive "Breakup": Tesla's Market Value Shrinks by Over $150 Billion in One Day
Previously, due to their public fallout and mutual attacks, Tesla's stock fell over 14% in a single day, with a market value loss of $153 billion, marking the largest single-day drop in history. Musk, who holds about 12.8% of Tesla's shares, saw his net worth shrink by over $19.5 billion as a result.
For Musk, who previously spent $44 billion to acquire Twitter and nearly $300 million to support Trump's campaign, even with his substantial wealth, the fallout with Trump is a significant blow.
Musk vs. Trump: A Wealth Comparison of the World's Richest vs. the 677th Richest
Despite this, thanks to his previous wealth accumulation, according to the Forbes Real-Time Billionaires List, Musk currently ranks first with a net worth of $393.8 billion, still the world's richest person, far surpassing the second richest, Meta founder Mark Zuckerberg (net worth $240.8 billion), the third richest, Amazon founder Jeff Bezos (net worth $228.1 billion), and the fourth richest, Oracle founder Larry Ellison, even nearly three times the net worth of "stock god" Warren Buffett (valued at $154 billion).
Top 5 on the Forbes Billionaires List
In comparison, despite Trump's immense political power as President of the United States, his personal wealth is only $5.5 billion, ranking 677th on the Forbes Billionaires List, which pales in comparison to Musk. Of course, Trump's status as President gives him the upper hand in their feud, as the direct influence of political power always outweighs the indirect effects of economic wealth.
Trump is the only family member on the list
After the outbreak of their conflict, a series of voices emerged in the U.S. political arena, indirectly proving that Musk is not just wealthy; based on his strong charisma and financial resources, he also has a certain degree of influence on the political situation. After all, not everyone has the privilege to confront the President of the United States and receive a positive response.
“The spectators of the Trump-Musk feud: politicians, family members, and even the former President of Russia”
After the feud between Trump and Musk began, countless individuals with various connections to the parties involved spoke out for reconciliation. In addition to the previously mentioned investors Naval and Bill Ackman, Musk's father, U.S. Vice President Vance, the Speaker of the House, and even former Russian President and current Deputy Chairman of the Russian Security Council Dmitry Medvedev also came to "strongly observe."
Musk's Father: The Argument Will Soon Calm Down, Both Are Competitive
Musk's father, Errol Musk, stated that the intense online argument between his son and President Trump would "calm down in a few days" and believed that this argument was merely a conflict between "competitors."
Perhaps in Musk's father's view, the conflict between the two is more like a quarrel between two hot-headed friends rather than a principled conflict of interests.
U.S. Vice President Vance: Hopes Musk Will Return
U.S. Vice President Vance previously expressed hope that Musk would return.
House Speaker Johnson: Acknowledges Musk as a Friend but Expresses Disappointment
Previously, as the Speaker of the House, Johnson stated immediately after the conflict erupted: "Musk is a friend. I have sent him many messages. I hope he reads them."
Then, on June 8, according to the U.S. political news site AXIOS, Johnson said in an NBC interview that Musk's online criticism of President Trump and the "Big Beautiful Bill" was disappointing, and he had not spoken to Musk since the 2nd. In response to Musk's statement on the 5th that he had never seen the "Big Beautiful Bill," Johnson expressed disappointment and surprise. He stated that he had had many good interactions and discussions with Musk regarding this bill to ensure Musk received accurate information. Johnson mentioned that Musk had also indicated in text messages that his main concern was the spending issue.
Former Russian President Medvedev "Joking": Ready to Assist in Reconciliation, Accepting Starlink Shares as Payment
Dmitry Medvedev, Deputy Chairman of the Russian Security Council, stated on social media: "We are ready to assist in reaching a peace agreement between D (Donald Trump) and E (Elon Musk) and will accept Starlink shares as payment at a reasonable cost. Don't argue, guys." In response to this joking remark, Musk replied with a "😂" emoji.
Perhaps in Musk's view, although Trump had previously stated that he had a good relationship with Putin, it is clear that Medvedev, as "Putin's little brother," does not have the qualifications to mediate the conflict between him and Trump, let alone the absurdity of using Starlink shares as a bargaining chip.
Musk's possible inner thoughts: Who do you think you are?
Latest Developments: Musk and Trump Become Allies Again, Targeting California Unrest
The latest development in the "Trump-Musk feud" is that Musk and Trump have once again become allies, this time jointly targeting the recent unrest in California, particularly in Los Angeles.
After large-scale riots broke out in Los Angeles, Trump immediately spoke out on the Truth Social platform, and then U.S. Vice President Vance reposted this statement on X, stating: "This moment requires decisive leadership. The President will not tolerate riots and violence."
Musk quickly followed up with a repost and added the "🇺🇸🇺🇸" emoji.
Musk reposts Vance, seemingly showing goodwill.
Subsequently, Musk posted a screenshot on X, retweeting Trump's remarks criticizing California Governor Gavin Newsom and Mayor Bass on the Truth Social platform. The latter stated, "California Governor Gavin Newsom and Mayor Bass should apologize to the people of Los Angeles for their poor performance, which includes the ongoing riots in Los Angeles. These people are not protesters; they are troublemakers and rebels. Remember, don't wear masks."
In his latest tweet, Musk retweeted a meme video created by a user on the X platform, mocking California Governor Gavin Newsom for not addressing his duties while suggesting that he could consider using the current riot videos as campaign material for his 2028 run.
Previously, Singapore's Lianhe Zaobao reported that after Musk's fallout with Trump, he became a target for recruitment by American Democrats; according to the American Flag News Agency, Democratic Congressman Conner, who has known Musk for over 10 years, spoke with Musk's confidant on the 5th to discuss whether Musk would be willing to help the Democrats in next year's midterm elections. There are also rumors that Musk may support Democratic lawmakers and candidates in the 2026 midterm elections.
In the ongoing "Trump-Musk feud," Musk's actions may be a subtle response to the aforementioned false rumors, also hinting to Trump: I will not turn to the Democrats.
As for when the two will be able to shake hands and reconcile, it may still depend on the resolution of the "Big Beautiful Bill" and whether the specific provisions remain as detrimental as Musk envisions.
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