Tesla

Donald Trump and Elon Musk’s relationship has soured, with Trump saying he isn’t speaking to Musk. Their public disagreements have sparked speculation about repercussions, and Trump is reportedly considering selling his Tesla. While House Speaker Mike Johnson hopes for reconciliation, Trump’s former advisor Peter Navarro downplayed the conflict, and the feud casts a shadow on the future of Tesla and SpaceX.

Elon Musk’s strained relationship with Donald Trump has negatively impacted Tesla, resulting in a $150 billion drop in market capitalization. Despite this, Musk remains the world’s wealthiest individual, with a net worth of approximately $388 billion, far exceeding Mark Zuckerberg’s. Trump’s net worth is $5.4 billion. The cause of the conflict is unclear, but Musk has been critical of Trump.

Elon Musk’s criticism of Republican tax and spending plans has reportedly strained his relationship with Donald Trump. Disagreement over proposed legislation impacting Tesla and the electric vehicle industry, including fees for EV owners and elimination of tax credits, has fueled the tension. Musk, expressing concerns about “debt slavery,” has actively campaigned against the proposals, potentially damaging a previous close collaboration with Trump, who is reportedly displeased with the shift.

Elon Musk has ended his brief stint as a White House advisor, leaving amidst controversy. His “Department of Government Efficiency” initiative aimed at budget cuts yielded modest results, sparking criticism and potential conflicts of interest. Tesla faced sales declines and market share losses, compounded by the government’s backlash. Investors are demanding Musk dedicate more time to Tesla as the company and his other ventures face critical challenges.

Elon Musk is stepping down as a Special Government Employee, citing a desire to focus on his businesses after his term ended. He expressed satisfaction with efforts to streamline government spending, despite facing bureaucratic challenges. Analysts suggest his departure is a graceful exit, and shareholders of Tesla will welcome his return. His work uncovered significant discrepancies, including irregularities in the Social Security system, exposing potential fraud and inefficiencies.

Tesla CEO Elon Musk acknowledged BYD’s growing competitiveness in EVs during a May 21 CNBC interview, contrasting his 2011 dismissal of the Chinese automaker. BYD outsold Tesla by 79,707 units in Q1 2025, capturing 15.4% of global BEV sales through vertical integration and aggressive pricing. While Musk emphasized focusing on Tesla’s mission over rivalries, analysts note BYD’s rise challenges Tesla’s dominance, potentially accelerating industry-wide decarbonization. The shift reflects evolving market dynamics as both companies vie for leadership in the electric transition. (98 words)