Overview

• Musk’s harsh criticism of the ‘Big Beautiful Bill’ prompted Trump to threaten revoking federal contracts with Tesla and SpaceX.
• The public feud wiped about $153 billion off Tesla’s market value and slashed Musk’s net worth by roughly $34 billion.
• Vice President JD Vance publicly urged Musk to reconcile, describing Trump as frustrated but restrained in his response.
• Over the weekend Musk reshared a Truth Social post by Trump on the LA riots, adding American flag emojis in a gesture toward de-escalation.
• Trump told NBC News he has “no intention” of speaking to Musk again, underlining that significant tension remains.