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After a dispute with President Trump, Musk shared a pole on social media x on 5 June. In this poll, Musk sought an opinion about forming a new political party in the US. 80.4% of the people responded to this.
After the end of this poll, Musk reposts and wrote- ‘The American Party’. After this indication of Musk, it is believed that he can name his party The American party. However, Musk has not yet made any formal announcement about it.
At the same time, an MP from Russia has spoken of giving political asylum to Musk. Russian MP Dimitri Novikov said that if Musk needs, Russia can give him shelter. Novicov said,
We also gave refuge to American whistleblore Edward Snowden. However, I think Musk has a political identity and strength of its own, so he will not need refuge. But if they need it, Russia will definitely help.
On the other hand, Kremlin spokesman Dimitri Peskov refused to comment on the controversy. He said, “This is the internal matter of America, and we will not interfere with it. We are confident that the US President will handle the situation himself.”
The statement came when former Trump’s former advisor Steve Bannon demanded Mask to be taken out of the country as an illegal migrant. Banon also said that the US government should capture Musk’s company SpaceX.
There was a sharp debate between Musk and Trump on Thursday night. The debate grew so much that Musk asked to remove Trump from the post. Musk said that without his help, Trump could not win the election. Describing Trump’s ‘Big Beautiful Bill’ as extravagance, he said that he should be removed from the post. Vice President JD Vance should be replaced as President.
Angered by Ilon Musk’s attack, Trump said that Musk was silent on this bill first and overturned as soon as he moved away from the government. They have gone mad. He also threatened to abolish government contracts and subsidies of Musk’s companies.
From friendship to enmity; What changed in such a short time
Trump announced a tax bill named Big Beautiful Bill in May. The bill cut the subsidy being given to electric vehicles and renewable energy sectors, while the oil and gas sector benefited.
Initially Musk started silence, but as the Trump administration started promoting it as a historic bill, the resentment within the Musk started coming out. Musk described it as an example of extravagance.
The Trump administration then put Musk’s choice on the file hold of making Jreds Isaqman the NASA chief.
Openai won the contract for creating a large AI data center in UAE on 22 May. Musk’s company XAI also tried to join the deal, but he failed.
The relationship between the two became so bad that Musk resigned 2 days before his term ended as DOGE chief.
According to the New York Times report, Musk started distance from the meetings of Republican leaders and increased the conversation with the Democrat-Surrender Think Tank.
How much damage was done to Musk due to Trump?
According to the CNN report, there was a tremendous bounce in Tesla’s shares after the November 2024 presidential election.
Investors were sure that Donald Trump would give great advantages to his biggest financial supporter, Tesla CEO Ellon Musk.
At the beginning of Trump’s tenure, Musk’s Tesla received heavy subsidy on electric vehicles. Musk’s space company SpaceX received contracts worth billions of dollars from NASA and Ministry of Defense.
But investors were also afraid that many business interests of Trump Musk could also cause serious harm.
The same risk caused a huge fall of 14% in shares of Tesla after a publicly debate between Musk and Trump on Thursday.
Tesla’s shares declined a huge decline on 5 June. 14.2% decline in a single day, ie the company’s value declined by about 152 billion dollars. Musk’s personal net worth fell 34 billion dollars.
This was the largest one-day decline in the year 2025 so far. According to a Bloomberg report, Musk’s total assets have come down by $ 64.1 billion in the first five months of this year.
The reason for this is not just the risk of ending EV subsidy, but also feared that the mask clashes from Trump could create difficulties for other companies such as SpaceX and neurolink.
If Trump’s conflict with Musk continues, Musk can also get into danger.
What can Trump and Musk do against each other
If this battle between Trump and Musk moves forward or faster, it may have far -reaching political and business results.
Know the methods from which both of them can cause serious harm to each other ….
How to hurt Ilon Musk Trump?
1. Can throw your wealth against Trump
Musk spent more than $ 250 million to win President Trump, but now he can fund the Republican party with the same strength.
Trump is yet to give a last installment of $ 100 million from Musk. Musk can now stop the installment of this amount. Apart from this, you can use this money against Trump.
2. Front against Trump on social media
On Thursday, Musk put a pole on X,
Should a new political party be formed in America to represent 80% of the people of the country?
Out of about 2 million voters, 80% replied yes.
Musk, supporting a post of impeachment against Trump, wrote yes to his response.
3. Can drag in disputes
Musk, who was close to Trump for a long time, is now claiming that he has information inside the Trump administration. He claimed on Thursday that the Trump administration stopped the files related to Jeffrey Epstein, because they have Trump’s name.
they wrote,
Mark this post for the future. The truth will come out. “
Democrat MPs immediately caught the issue.
4. Through your business, you can create troubles for administration
Musk had threatened that he would immediately shut down the dragon spacecraft of SpaceX. The same vehicle takes the NASA astronauts and supply to the space station.
Following this threat, Trump’s close Steve Banon said that Trump should seize SpaceX before 12 pm. However, Mask later said, we will not decorate the dragon.
How can Trump damage Ilon Musk?
1. Government can take away government contracts from Musk’s companies
On Truth Social, Trump wrote that if all government agreement from Musk’s companies like SpaceX and Tesla is abolished, then this will be the easiest way to save money in the budget.
Last year, Musk companies promised to get $ 3 billion in about 100 contracts from 17 government agencies.
If the dispute between the two deepens, the Trump administration can take away government contracts from Musk’s companies.
The tax credit of $ 7500 for Electric vehicles gives a big advantage to Tesla. If Trump ends it, the company will have to face a major loss.
JP Morgan estimated in a report on Thursday that Tesla would lose $ 1.2 billion every year due to the end of EV tax credit, while the reduction in sales of regulatory credits would cause a loss of $ 2 billion.
Apart from this, Tesla has earned from pollution credit sale of more than $ 8 billion in the last 6 years. If Trump relaxes the rules related to the environment, then this market can also end.
2. Musk’s citizenship and drug use can be checked
Trump’s associate Steve Bainon on Thursday questioned Musk’s citizenship and said,
I am confident that they are illegal migrants and should be removed from the country immediately.
Musk is a South African -born American citizen. Bannon also demanded Musk’s investigation into efforts to take drugs and to get confidential military information related to China.
3. Musk’s security clearance can cancel
Bainon said that Musk’s top-secret clearance should be suspended. Trump can completely eliminate Musk’s security clearance, so that Musk will not be able to work on NASA and other defense projects.
4. You can use the power of the President
Trump has the strength to give instructions to executive orders and government agencies. They can eliminate the Department of Government Efficiency (Department of Government Efficiency), the favorite projects of Musk. Also, the support of white South Africans by Musk can also make a political issue.