Donald Trump Refuses to Reconcile With Elon Musk for Now, Tesla Shares Plummet Following Public Feud
- Donald Trump and Elon Musk are still not on speaking terms following the deterioration of the relationship
- Trump stated that he has no plans to speak to the world's richest man yet, as he aims to get rid of his Tesla
- Tesla's shares fell by 14% in one day, as the South African-born billionaire's net worth also dropped by $8.73 billion
Source: Getty Images
Briefly News journalist Byron Pillay has dedicated a decade to reporting on the South African political landscape, crime, and social issues. He spent 10 years working for the Northern Natal Courier before transitioning to online journalism.
WASHINGTON, DC – Donald Trump has no plans to meet with Elon Musk following their feud.
The two men, who were once close allies, are not on speaking terms after their relationship deteriorated in a public spat.
The feud saw both men firing shots at each other. The United States President threatened to cut funding to Musk’s business dealings, while the South African-born businessman claimed that Trump wouldn’t be president if not for him. Musk was a big backer of Trump's push to be president once more, and even stole the show at his inauguration.
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Source: Getty Images
Trump has no plans to talk to Musk
According to CNN, the US President said that he had no plans to talk to the Tesla owner for a while. Trump even labelled Musk as ‘the man who lost his mind.’
Trump even said that the SpaceX owner wanted to talk to him, but that he was not interested. Musk has hinted at de-escalating the war of words, as noted by his response to fellow multibillionaire Bill Ackman.
Ackman called for both men to make peace, saying the country was much stronger if both men were together than apart.
“You’re not wrong,” Musk replied.
Tesla's value plummets amid feud
The feud has also proven to be costly to Musk as Tesla shares fell by 14% in one day. The car company’s shares plunged by $152 billion following the public spat. It wasn’t just Musk’s company that suffered; his personal net worth also dropped. According to the Bloomberg Billionaires Index, the decline in Tesla’s share prices also knocked about $8.73bn off Musk’s total net worth.
Tesla’s shares did bounce back slightly on Friday, 6 June, as the share values rose 4%. Tesla’s value fell before when Musk threw his weight behind Trump during the race for the White House. His affiliation with the Republicans led to many pulling their support for the car company.
Following the very public feud, Trump has also signalled his intent to get rid of a red Tesla he purchased.
Source: Getty Images
American national celebrates as Musk and Trump argue
In a related article, a TikTok content creator celebrated the recent division between Musk and Trump.
Briefly News reported that the user shared a dance video after Musk called for Trump's impeachment.
Americans flooded the comment section with some celebrating the drama, while others expressed concern.
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Source: Briefly News
