Musk-Trump Feud Spurs Market Drop, Political Shifts

The feud between President Donald Trump and Elon Musk intensified, resulting in a 14% drop in Tesla shares and a $34 billion loss in Musk's net worth after Musk criticized Trump's 'Big Beautiful Bill' as fiscally irresponsible and damaging to US deficits. Trump retaliated by threatening to end federal subsidies for Musk's companies, while Musk accused Trump of Epstein ties on social media. The dispute has prompted the White House to emphasize legislative priorities, but has also led to political realignment, with Senator Fetterman cautioning Democrats about Musk and House Minority Leader Hakeem Jeffries supporting Musk against Trump's tax plan. The clash has heightened uncertainty for the tech sector and exposed volatility in political-business relationships. Broader policy issues like automation and worker protections have received less focus amid the high-profile dispute. The conflict continues to generate significant political and economic ramifications.