On June 5th local time, on the third day of Musk's criticism of the "big and beautiful" bill, Trump also joined the fray. The verbal altercation between the two escalated continuously, and their former alliance relationship completely collapsed. That evening, Musk expressed his willingness to reconcile.

In the evening of June 5th local time, American billionaire hedge fund manager Bill Ackman called on X, saying: "I support both Trump and Musk, they should reconcile for the benefit of our great country. Our united strength is far greater than when we are divided."

Musk immediately replied below: "You're right."

Screenshot from X

Earlier that day, Trump publicly criticized Musk in the Oval Office of the White House, saying he was "very disappointed" with Musk.

He told reporters: "My relationship with Elon (Musk) has been good. But I don't know if it will remain so in the future." Prior to this, Trump had remained silent about Musk's criticism of the tax reform bill.

Subsequently, Musk retaliated on X by posting: "Without me, Trump would have lost the election, the Democrats would have controlled the House of Representatives, and the Republicans would have narrowly won the Senate with a 51 to 49 vote. Truly ungrateful."

This remark seemed to further enrage Trump, and the two continued to hurl insults at each other on their respective social media platforms.

On the "Truth Social" platform, Trump issued three consecutive posts severely criticizing Musk, saying "Elon 'is wearing thin', so I told him to pack up and leave. I canceled the law mandating everyone to buy electric vehicles that he knew no one wanted (and he had known about it for months), and then he went crazy." He even threatened to terminate Musk's government subsidies and contracts.

Musk, without providing evidence, claimed that Trump's name was "in Epstein's files," and said this was the real reason why the relevant files had not yet been made public. He also criticized Trump's signature tariff policy, stating that it "will lead to a recession in the U.S. economy in the second half of this year."

Musk even once supported impeaching Trump. A supporter of Musk posted: "President vs Elon. Who will win? I bet on Elon. Trump should be impeached, and Vance should replace him." Musk retweeted and commented: "Exactly."

That day, the U.S. stock market opened high but closed low, with all three major indices closing down collectively. Tesla's plummet dragged down the Nasdaq Composite Index and the S&P 500 Index. As one of the worst-performing stocks that day, Tesla plunged more than 14%, wiping out $152.5 billion (approximately RMB 10,943 billion) in market value overnight, falling below the $1 trillion mark.

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Original source: https://www.toutiao.com/article/7512663374669316659/

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