Original | Odaily Planet Daily ( @OdailyChina )
Author: Wenser ( @wenser 2010 )
On June 6, the day after their public war of words, Trump and Musk respectively sent out signals of reconciliation to the outside world - the former said that communication with Musk was going smoothly and a call had been arranged; the latter responded positively to a tweet by investment tycoon Bill Ackman, who sharply commented that the two both benefit from unity and both suffer from separation, saying that it was right.
Just when everyone thought that the Trump-Musk combination could restore their relationship through dialogue, things took a turn for the worse. On June 8, Beijing time, Trump said that if Musk funded Democratic candidates who opposed the Republican budget, he would face very serious consequences and would pay a price for it. In addition, he added that he no longer had the intention to repair the relationship between the two, I think this relationship is over.
One is the powerful president of the United States, and the other is the worlds richest man with billions of dollars. Given their sensitive and important identities, the relationship between the two not only affects the crypto market, but also the global economic situation. Odaily Planet Daily will briefly sort out the recent progress of Tema Fight in this article for readers reference.
Review of the special horse fight: gathering for profit, fighting for profit
For a detailed summary of the public feud between Trump and Musk, please see our previous article Musk and Trump break up and get back together, and the financial markets and I cant stand it anymore.
In summary, the focus of the dispute between the two is that the Big Beautiful Bill (Odaily note: literally translated into Chinese as Big and Beautiful Bill) promoted by Trump will affect the carbon emission profits of Tesla under Musks name. This is undoubtedly unacceptable for Tesla, which has made huge profits due to government subsidies and carbon emission credits.
Not only that, Trump had previously vetoed Musks ally Jared Isaacmans appointment as NASA director, refused to adopt the Starlink plan, and refused to renew his term as a special employee, which can be described as the American version of the cunning rabbit dies and the running dog is cooked.
The most expensive breakup in history: Teslas market value shrank by more than $150 billion in a single day
Previously, due to the public feud between the two and even verbal attacks, Teslas stock price fell by more than 14% in a single day, and its market value shrank by $153 billion, setting a record for the largest single-day drop in history. Musk held about 12.8% of Teslas shares, and as a result, his wealth shrank by more than $19.5 billion.
For Musk, who previously spent $44 billion to acquire Twitter and spent nearly $300 million to support Trumps campaign, even though he is wealthy, the feud with Trump is a heavy blow.
Musk vs Trump: The worlds richest man vs. No. 677 on the rich list
Despite this, thanks to his previous wealth accumulation, according to the Forbes real-time billionaire rankings , Musk currently still ranks first with a net worth of US$393.8 billion, and the title of the worlds richest man is still well-deserved, far surpassing the second-placed Meta founder Zuckerberg (net worth US$240.8 billion), the third-placed Amazon founder Jeff Bezos (net worth US$228.1 billion), and the fourth-placed Oracle founder Larry Ellison, and even nearly three times the net worth of stock god Warren Buffett (worth US$154 billion).
Forbes Top 5 Rich List
In contrast, despite his enormous political power, Trump, as the president of the United States, has a personal wealth of only $5.5 billion, ranking 677th on the Forbes Rich List, which is much less than Musk. Of course, Trump’s status as the president of the United States puts him in an active position in the dispute between the two. The direct influence of political power is always greater than the indirect effect of economic wealth.
Trump is the only member of his family on the list
After the conflict between the two broke out, the US political arena also ushered in a series of voice actions, which also indirectly proved that Musk is not only rich, but also has a certain degree of influence on the political situation based on his strong personal charm and wealth. After all, not everyone is qualified to confront the US president and get a positive response from him.
The crowd watching the Tema fight: politicians, family members and even the former Russian president
After the quarrel between Trump and Musk began, countless people who had close ties with the parties involved spoke out to mediate. In addition to the investors Naval and Bill Ackman mentioned above, Musks father, US Vice President Vance, US House Speaker and even former Russian President and current Vice Chairman of the Russian Federal Security Council Medvedev also came to watch strongly.
Musks father: The quarrel was settled immediately, both of them are competitive
Musks father, Errol Musk, said a heated online row between his son and U.S. President Donald Trump would die down in a few days, dismissing the spat as little more than a clash of competitive people.
Perhaps in the eyes of Musks father, the conflict between the two is more like a quarrel between two good friends with quick tempers rather than a principled conflict of interests.
US Vice President Vance: I hope Musk can return
US Vice President Vance previously expressed the hope that Musk would return.
U.S. House Speaker Johnson: Acknowledges Musk as a friend, but expresses disappointment with him
Earlier, Johnson, the Speaker of the U.S. House of Representatives, said immediately after the conflict broke out: Musk is a friend. I sent him a lot of messages by text message. I hope he can read it.
Later, on June 8, local time, according to the US political news website AXIOS, Johnson said in an interview with NBC that Musks online attacks on President Trump and the Big, Beautiful bill were disappointing, and he had not spoken to Musk on the phone since the 2nd. In response to Musks statement on the 5th that he had never seen the Big, Beautiful bill, Johnson responded that he was disappointed and surprised. He said that he had had many good interactions and discussions with Musk on the bill to ensure that Musk had accurate information. Johnson said that Musk also said in a text message that his main concern was spending.
Former Russian President Medvedev plays trick: ready to assist in settlement and accept payment from Starlink shares
Dmitry Medvedev, deputy chairman of the Russian Federation Security Council, said on social media: We are ready to assist in reaching a peace agreement between D (Donald Trump) and E (Elon Musk) and accept Starlink shares as payment at a reasonable fee. Dont quarrel, guys. In response to this playful joke, Musk responded with a 😂 emoticon .
Perhaps in Musks view, although Trump had previously stated that he had a good relationship with Putin, it is obvious that Medvedev, as Putins little brother, is not qualified to mediate the conflict between him and Trump, let alone such a fantastic thing as using Starlink shares as a price.
Musk’s possible inner thoughts: Who do you think you are?
Latest developments: Musk and Trump have formed an alliance again, targeting the California riots
The latest development in the Trump-Musk fight incident is that Musk and Trump have become allies again, and this time the two have jointly directed their spearheads at California, especially Los Angeles, where riots have recently occurred.
After the large-scale riots in Los Angeles, California, Trump spoke out on the Truth Social platform immediately. Later, US Vice President Vance forwarded the remarks on the X platform and said: This moment requires decisive leadership. The president will not tolerate riots and violence.
Musk then quickly retweeted the post and added the “🇺🇸🇺🇸” logo .
Musk reposted Vance, apparently showing goodwill
Musk then posted a screenshot on X, forwarding Trumps remarks criticizing the governor and mayor of California on the Truth Social platform. The latter said, California Governor Gavin Newsom and Mayor Bass should apologize to the people of Los Angeles for the poor performance they have done, including the ongoing Los Angeles riots. These people are not protesters, but troublemakers and insurgents. Remember, dont wear a mask.
In his latest tweet, Musk retweeted a meme video made by a user of the X platform , satirizing California Governor Gavin Newsom for not doing his job and suggested that he consider using the current riot video as campaign material in his 2028 election.
Previously , Singapores Lianhe Zaobao said that after Musk fell out with Trump, he became the target of US Democrats wooing; and according to the US Flag News Agency, Democratic Congressman Connor, who has known Musk for more than 10 years, talked with Musks confidants on the 5th to discuss whether Musk was willing to help the Democratic Party in next years midterm elections; there are also rumors that Musk may support Democratic lawmakers and candidates in the 2026 midterm elections.
At a time when the Trump-Musk fight has not yet ended, Musks move may be an indirect response to the above false rumors, and it is also a hint to Trump: I will not defect to the Democratic Party.
As for when the two sides will be able to shake hands and make peace, it may still depend on the dust settling on the Big, Beautiful Act to see whether the specific provisions are still as damaging as Musk imagined.
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