Overview

• President Trump warned of “grave consequences” and possible cancellation of federal contracts if Elon Musk backs Democratic candidates or opposes his fiscal overhaul.
• Musk deleted a post linking Trump to Jeffrey Epstein’s files and indicated he was open to de-escalating their public feud.
• The clash ignited after Musk called Trump’s tax-and-spending bill a “repugnant abomination” that analysts say could add $2.4 trillion to the national debt over ten years.
• Tesla’s stock has tumbled, wiping out tens of billions in market value amid investor concern over the high-profile dispute.
• Trump privately asked advisers about Musk’s ketamine use but has publicly declined to comment on the CEO’s medical prescription.