Local time on June 5, Tesla's stock price fell by 14.26% due to the publicization of the conflict between Tesla CEO Musk and U.S. President Trump. According to a report by CNN, Tesla's market value has evaporated by more than $150 billion.
Musk publicly stated: Trump should be impeached
On local time June 5, after the beginning of the public verbal fight between U.S. President Trump and American entrepreneur and former head of "Department of Government Efficiency" Musk, Musk also publicly expressed in social media that he believed U.S. President Trump should be impeached.
That day, Musk replied with "yes" in response to a post on the social media platform "X" supporting the impeachment of Trump.
In addition, Musk also said that without his help, Trump would not have been able to successfully win the presidential election.
"Musk is crazy"
Trump threatened to terminate government subsidies and contracts for him
On local time June 5, U.S. President Trump posted on his social media platform "Truth Social", stating that Elon Musk had begun to "lose patience". Trump claimed that he asked Musk to leave and rescinded Musk's forced "electric vehicle mandate", which resulted in "Musk going crazy".
Trump claimed that Musk knew months ago that Trump would rescind the electric vehicle "mandate". Moreover, Trump also threatened Musk, saying that among billions of dollars in budgets, the simplest way to save money is to terminate Elon Musk's government subsidies and contracts.
Responding to Trump's threat to cancel contracts
Musk announced the immediate retirement of the "Dragon" spacecraft
On local time June 5, SpaceX founder Musk stated that given U.S. President Trump's statement about canceling government contracts, SpaceX will immediately begin retiring its "Dragon" spacecraft.
It is understood that the United States' human spaceflight activities are heavily dependent on SpaceX's "Dragon" spacecraft.
Earlier that day, U.S. President Trump posted on his social media platform "Truth Social", stating that Elon Musk had begun to "lose patience". Trump claimed he asked Musk to leave and rescinded Musk's forced "electric vehicle mandate", which resulted in "Musk going crazy".
Trump claimed that Musk knew months ago that Trump would rescind the electric vehicle "mandate". Moreover, Trump also threatened Musk, saying that among billions of dollars in budgets, the simplest way to save money is to terminate Elon Musk's government subsidies and contracts.
Trump said he was "very disappointed" with Musk
Musk quickly retorted: The bill was never shown to me
On June 5, earlier that day, U.S. President Trump mentioned Musk, saying he didn't know if he could maintain a good relationship with him. Trump said he was "very disappointed" with Musk that day.
Trump said he preferred Musk to criticize him rather than his tax reform bill. Trump claimed that Musk was very unhappy about the Trump administration rescinding the electric vehicle "mandate". It is known that the Trump administration also withdrew its nomination of Isaacman for NASA administrator, which Musk recommended. Trump said that even without Musk, he could still win Pennsylvania. Trump said that Musk hasn't personally criticized him yet, but he believes it will happen soon.
Trump also mentioned that Elon Musk understands the internal workings of the "grand and beautiful" bill and has no objections until he discovered the rescission of the electric vehicle "mandate" and realized the problem.
After Trump made his comments about Musk, Musk quickly responded and rebutted on social media, saying, "Totally wrong, I have never seen this bill, and it was passed quickly at night!"
Musk continues to criticize the U.S. government's tax reform bill
Recently, Musk has continued to criticize the U.S. government's tax reform bill. On June 4, Elon Musk increased his offensive against Trump's tax cut bill, calling on Americans to contact their legislators to "kill" the bill. Musk said on social media, "It's not right to bankrupt America."
Musk previously criticized the bill, saying that Trump's "big and beautiful" bill undermined his efforts to cut costs in the Department of Government Efficiency and would increase budget deficits. Russell Vought, director of the White House Office of Management and Budget (OMB), responded to the comment, saying that this bill would not increase the deficit or harm the debt.
On May 22, the U.S. House of Representatives, which is majority Republican, narrowly passed Trump's administration's "big and beautiful" large tax and spending bill. Next, the bill will be submitted to the Senate for consideration. Critics warned that the bill would severely damage healthcare policies and significantly increase federal debt. It is known that the bill plans to cut taxes by $4 trillion over the next ten years and cut at least $1.5 trillion in spending.
Source: CCTV News
Original title: "Broken relations! Musk and Trump publicly quarrel, Tesla's stock price plummets, and market value evaporates by over $150 billion"
Column editor: Zhou Chunsheng; Text editor: Li Linwei; Picture source: Xinhua News Agency; Picture editor: Xu Jiamin
Source: Author: CCTV News client
Original article: https://www.toutiao.com/article/7512593764247011878/
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