Overview

• Musk condemned Trump’s “Big Beautiful Bill” as a “monstrous, shameless, gift-filled” budget and urged lawmakers to vote it down
• President Trump warned he would cancel government contracts and subsidies for Tesla and SpaceX to cut federal spending
• In retaliation, Musk threatened to suspend NASA’s Dragon missions before retracting the threat amid concerns over U.S. reliance on SpaceX
• Tesla’s share price plunged more than 14 percent after Trump’s threats, erasing over $150 billion in market value
• Musk removed his claim that Trump appears in sealed Epstein files, underscoring how the dispute has become intensely personal