On June 7, US President Donald Trump issued a stern warning to Elon Musk, CEO of Tesla and SpaceX. Trump stated that if Musk funds Democratic Party candidates against the Republican Party's budget, he would face "very serious consequences". This warning emphasizes the tense relationship between the two billionaires and confirms that he has no intention of reconciling with Musk: "I think this relationship is over."
Recently, the conflict between Trump and Musk erupted publicly on social media platforms around the budget bill led by the Republican Party. Trump criticized Musk as being "extremely disrespectful to the presidential position". Previously, Musk had also strongly criticized US government tax and spending packages, and publicly attacked Trump, even citing old news related to Jeffrey Epstein, which he later deleted.
In response, Trump called the Epstein-related allegations "old news" and denied any connection. Additionally, Trump threatened to cancel government contracts and cut subsidies for Musk's businesses, although no actual actions have been taken yet.
Trump emphasized that the Republican Party is more united than ever and expressed optimism about passing the budget. The incident has raised concerns about the extensive influence of tech billionaires on the political landscape and the potential impact on the cryptocurrency industry, as policies could change unexpectedly due to personal conflicts.
