Daily Voice
By Chris Spiker From Daily Voice
Tesla's stock is recovering after a public feud between CEO Elon Musk and President Donald Trump fueled a massive selloff.
Shares for the electric vehicle giant opened about 5% higher on Friday, June 6. Tesla clawed back some of the 15% lost the day before when the feud between the two billionaires exploded online.
The fallout began when Musk, 53, posted on his platform X, formerly known as Twitter, that Trump would have lost the 2024 election without Musk's financial backing.
"Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate," Musk posted.
Trump fired back on Truth Social, claiming Musk was "wearing thin" and bragging that he had "taken away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted." The President also said Musk's opposition to the bill stems from cuts to EV tax credits, a direct hit to Tesla, which Musk owns.
Trump also threatened to cancel billions in SpaceX government deals.
"The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts," he posted.
Musk downplayed the bill's potential effects on his companies.
"Whatever," he posted. "Keep the EV/solar incentive cuts in the bill, even though no oil & gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill.
"In the entire history of civilization, there has never been legislation that both big and beautiful. Everyone knows this!"
Musk also escalated the feud by implying that Trump is a pedophile.
"Time to drop the really big bomb: @realDonaldTrump is in the Epstein files," he posted. "That is the real reason they have not been made public. Have a nice day, DJT!"
The post was a reference to deceased billionaire Jeffrey Epstein, who was convicted in 2008 of procuring a child for prostitution.
"Mark this post for the future," Musk said. "The truth will come out."
Musk also tweeted a poll asking people if they were interested in a third party, with about 80% saying "yes."
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