365Telugu.com online news,Washington, June 8th, 2025: Former U.S. President Donald Trump has ended his association with tech billionaire Elon Musk, citing recent criticisms from Musk regarding Trump’s economic policies. In a televised interview with NBC, Trump said he has “no desire” to mend their strained relationship and accused Musk of being “disrespectful to the office of the President.”
The fallout comes after Musk labeled Trump’s new tax-and-spending legislation dubbed the “One Big Beautiful Bill” as a “disgusting abomination,” claiming it would inflate the national deficit. In response, Trump issued a stark warning: if Musk supports Democratic candidates in the 2026 midterm elections, there could be “serious consequences,” including possible cancellation of federal contracts with Musk-affiliated companies.
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Tensions escalated further when Musk made unverified allegations linking Trump to Jeffrey Epstein. Trump retaliated on social media, prompting Musk to delete several controversial posts, though he stood by his critiques of Trump’s policies.
The rift has spilled into the financial markets. Tesla’s share value dropped sharply, Dogecoin lost ground, and reports suggest Trump may divest his holdings in Tesla. Meanwhile, Vice President J.D. Vance has attempted to ease tensions, calling Musk’s statements a “misstep” and urging a reconciliation.
As the political and personal clash deepens, the future of Musk’s influence in Washington and his business ties with the federal government hangs in the balance.