Trump

Elon Musk has launched the “America Party” to challenge the US two-party system. This move follows his public break with Donald Trump, driven by disagreements over the “Big Beautiful Bill,” particularly its impact on EV subsidies and the national debt. Musk’s new party aims for Congressional seats in upcoming mid-term elections, facing significant hurdles in gaining ballot access and electoral viability. The venture risks retaliation against Tesla, with declining sales already a concern.

Michael Wolff claims President Trump told him he leaked the New York Times story about Elon Musk’s alleged drug use, even taking credit for it in conversations. Wolff states Trump frequently discussed Musk’s mental state and drug use. The White House vehemently denies Wolff’s allegations, labeling him a fabricator. Musk has denied using illicit drugs, admitting only to prior prescription ketamine use for depression. This comes amid escalating public friction between Trump and Musk.

President Trump has extended the potential deadline for a U.S. ban on TikTok to September 17, 2025, marking the third such extension. This follows a 2024 law mandating ByteDance divest TikTok or face a ban. ByteDance has stated it will not sell the app. Despite the ongoing legal uncertainties, TikTok’s global user base continues to grow, exceeding one billion monthly active users outside of China.

DTTM Operations, representing Donald Trump, has filed trademark applications for telecommunications services, including mobile phones and retail ventures, potentially expanding his business interests. This follows earlier filings signaling a move into the metaverse, suggesting a broader diversification strategy beyond his traditional real estate and hospitality focus. The applications encompass virtual goods, digital token exchange, and virtual training services.

Following Elon Musk and Donald Trump’s public disagreement, the fallout continues. The White House is reviewing SpaceX’s multi-billion dollar contracts with the Department of Defense and NASA. This includes assessing SpaceX’s role in missile defense systems. The government is preparing potential retaliatory measures, giving it options should the political situation worsen despite Musk’s retracted threat to retire SpaceX’s Dragon spacecraft.

Donald Trump launched a website for his proposed “Golden Visa” program, offering U.S. residency for $5 million. He claims the program could eliminate the national debt by selling 10 million visas. The initiative, first announced in February, grants holders rights similar to green card holders, potentially leading to citizenship. The plan has faced skepticism due to its revenue claims.

Donald Trump confirmed a dispute with Elon Musk, stemming from Musk’s opposition to Trump’s proposed tax cuts and EV subsidy reductions. While Trump hinted at potential actions against Tesla (but supporting Starlink), both exchanged personal attacks before Trump expressed well wishes. Musk responded with a red heart on X, potentially signaling a desire to de-escalate tensions, suggesting a shift from recent public disagreements.

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 and Donald Trump are embroiled in a public feud, fueled by policy disagreements, ego, and potential betrayal. The spat revolves around the “Great and Beautiful Act,” which impacts renewable energy incentives, clashing with Musk’s business interests. Accusations, veiled threats, and personal attacks dominate this unfolding drama, raising questions about the future of their relationship and political landscapes.

Elon Musk and Donald Trump’s relationship has fractured, moving from support to open animosity. This public split, seemingly triggered by policy disagreements like the “Big and Beautiful” bill which Musk opposes, has led Musk to call for Trump’s impeachment. The fallout has negatively impacted Tesla, with its stock experiencing a significant decline. The shift marks a dramatic departure from their previous alignment, creating uncertainty for the business and political landscape.