By Bolanle Media Newsroom
Published: June 6, 2025

What began as a powerful alliance between Elon Musk and Donald Trump has erupted into a public political brawl—with implications that stretch far beyond personal ego. From electric vehicle policies to federal contracts, the stakes are massive for both men—and for America’s political and tech landscapes.

The Spark: Musk Denounces Trump’s “One Big Beautiful Bill”

On June 3, Elon Musk publicly condemned Trump’s proposed One Big Beautiful Bill Act, calling it a “disgusting abomination” loaded with “pork-barrel spending.” At the heart of his frustration is the bill’s elimination of electric vehicle tax credits, a direct threat to Tesla’s market advantage.

In a post on X (formerly Twitter), Musk warned that the bill was “a betrayal of innovation” and hinted at launching a new centrist political movement.

Trump Responds: Personal Insults and Threats to Contracts

Trump wasted no time firing back. On Truth Social, he called Musk “mentally unstable,” accusing him of disloyalty and suggesting he’s suffering from “Trump Derangement Syndrome.” He even went further, threatening to revoke SpaceX and Tesla’s federal contracts, which total over \$22 billion.

“He owes everything to me,” Trump posted. “And this is how he repays us?”

The Feud Escalates: Impeachment and Epstein Allegations

In an unexpected twist, Musk alleged Trump’s name appeared in Jeffrey Epstein’s files and called for his impeachment, igniting backlash and fueling conspiracy theories. While there’s no confirmed evidence of Trump in the unsealed documents, Musk’s statement went viral, further deepening the rift. The full video statement was posted on X here.

Financial Fallout Hits Both Camps

This war of words quickly spilled into the markets:

• Tesla stock dropped 15% in a single day, costing the company more than \$100 billion in market value. Musk reportedly lost over \$20 billion personally.
• Trump Media & Technology Group shares dipped nearly 8%, and the MAGA-backed \$TRUMP coin fell by more than 12%.
• Wall Street analysts began speculating that the feud may have long-term consequences for both figures’ business empires and political influence.

Musk Floats a Third Party

On June 5, Musk doubled down with a cryptic but deliberate tweet: “It’s time. A new party for a new future.” While short on details, the post immediately trended, with political commentators suggesting he may launch a centrist political party that could disrupt the 2026 midterms.

Some see this as a move to appeal to fiscally conservative, socially moderate voters disillusioned with both major parties.

What’s Next?

The political implications are still unfolding. Could Musk’s feud fracture the GOP? Will federal contracts be impacted? Will a centrist party gain real traction?

Bolanle Media will continue covering this evolving story—tracking not just the headlines, but what this says about power, loyalty, and the future of American leadership.