- Elon Musk publicly criticised Trump’s “One Big Beautiful Bill” as a “disgusting abomination” that would explode the U.S. deficit and “bankrupt America.” The bill is projected to add $2.5 trillion to the U.S. deficit over 10 years.
- Musk claimed Trump wouldn’t have won the 2024 election without his support, calling the backlash “such ingratitude.”
- Musk then alleged on X that Trump appears in the Epstein files. This marks a serious escalation (but we all thought this before Musk confirmed it right?)
- Trump followed up on Truth Social by calling Musk “crazy” and hinting at cancelling federal contracts with his companies. Trump wrote that cancelling subsidies for Musk’s companies “could save billions,”.
- Tesla has wiped out ~$100 billion in market value. Tesla now politically exposed?
- Musk floated the idea of creating a new centrist political party, criticising both Democrats and MAGA Republicans. “We need a party that actually represents the interests of the people. Not lobbyists. Not legacy donors. Not extremists.”
Trade active
How long before Trump crushes his tesla on the front lawn of the Whitehouse?Trade closed: target reached
1,471,037 votes so far on Musk's X pollIs it time to create a new political party in America that actually represents the 80% in the middle?
82.3% YES
17.7% NO
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Economic Calendar:
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium:
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium:
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.