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Trump Threatens Musk’s Contracts as Musk Alleges Trump Is in Epstein Files

A dispute over Trump’s signature spending legislation has devolved into personal attacks that drove Tesla shares down more than 14 percent.

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President Donald Trump speaks as he holds a box containing a key before presenting it to Elon Musk, left, during a news conference in the Oval Office of the White House, Friday, May 30, 2025, in Washington. (AP Photo/Evan Vucci)
Elon Musk and Donald Trump seem to be in a showdown mode.
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Overview

  • President Trump used Truth Social to propose terminating Musk’s government subsidies and contracts to reduce federal spending.
  • Musk countered on X by alleging that Trump is referenced in the sealed Jeffrey Epstein files and claiming this explains why they remain undisclosed.
  • Citing Trump’s contract threat, Musk announced that SpaceX will begin decommissioning its Dragon spacecraft, jeopardizing NASA resupply missions.
  • The feud originated with Musk’s criticism of the ‘Big Beautiful Bill,’ which he warns would add over $2.4 trillion to the federal deficit.
  • Musk further escalated the row by endorsing calls to impeach Trump and suggesting Senator JD Vance as a potential successor.