There is nothing right between US President Donald Trump and billionaire businessman Elon Musk. Musk resigned from Doge first and now after resignation, he has openly stood against Trump. Danadan allegations are being shifted from both sides. But it is a matter of thinking that how did these pair break like Trump and Musk Ki Jai and Veeru?
In the 2024 presidential election, Musk openly supported Trump. He had run a tremendous campaign in support of Trump through his social media platform and attended public rallies on several occasions. Musk also received its reward and was given the charge of DOGE. But then Trump’s ambitious One Big, Beautiful Bill Which was passed loudly. Musk first opposed it in Dabi-Juban and when the matter did not happen, he openly stood up against it.
The reason for this bill being opposed by Musk was revealed that the tax credit of electric vehicles was abolished in this bill, which would directly affect Musk’s Tesla’s sale. Because of this, Musk accused Trump of passing it overnight, calling this bill a destroyer.
Targeting the Musk, Trump said that I have no problem in this that Musk has stood against me. They should have done this months ago. This is the best bill ever introduced in Parliament. This will save the government’s huge expenses and the biggest cut in tax will be so far. If this bill was not passed, then there would have been a 68 percent increase in tax.
On this, Elon Musk retorted that this bill was not shown to me even once and it was passed overnight so that no one could read it in Parliament.
In this way, Trump and Musk are now openly accusing each other. Taking a dig at the Musk, Trump posted a series and said that an easy way to save our budget from spending a huge amount of money is that Musk’s Sarakari subsidy and contract should be abolished. I am surprised why Biden did not do this?
Even Musk did not sit silent on this. He retaliated, saying that SpaceX will soon start decomposing his dragon spacecraft in view of the President’s statement of cancellation of my government contract.
Trump said that Musk has stood against me because I asked him to leave the dog. I finished the electric vehicle mandate. Because of this, people were being forced to buy electric cars. Because of this, he (Musk) has become crazy.
Responding to this, Musk said that Trump’s tariff can cause recession in the second half of this year.
Musk and Trump’s verbal war has increased the tension of investors. Due to which Musk’s shares of Tesla have declined. After Tesla’s public in 2010, there was an 11th such opportunity on Thursday in 15 years when Tesla’s stock saw such a decline.
Tesla’s stock has fallen by 14 per cent. This has caused a loss of about 12.6 lakh crore rupees to Musk. The net worth of Musk has also declined due to a decline in Tesla’s shares. On Thursday, Musk suffered a loss of $ 26 billion (Rs 2.23 lakh crore). According to Forbes, now his net worth has gone up to $ 388 billion (Rs 33.31 lakh crore). Understand this in such a way that Trump’s net worth is $ 5.5 billion. Musk has lost 5 times more than this.
What is the problem with Trump to Musk?
In this bill of Donald Trump government, it is proposed to abolish the tax exemption on the purchase of electric vehicles. The Biden government used to give a tax exemption of $ 7,500 on purchasing a new EV. Trump is going to end it.
There is a provision in this bill that companies which have sold two lakh EVs between 2009 and 2025 will not get exemption. This is directly a blow to the Tesla of Elon Musk.
Another reason is that Elon Musk wanted to appoint his trusted Jered Isaqman as an administrator in the American Space Agency NASA. But Trump ignored his recommendation. Musk believed that if Isaacmen become administrators in NASA, then his company Spacex will also benefit from it.
Trump entrusted Musk the responsibility of dog, whose job was to cut government spending. Trump had asked him to reduce ‘useless and useless expenses’ in a way. For this, Doge trimmed thousands of government employees. This damaged the image of Allen Musk. Most of the people believed that Musk was taking people out of jobs on their own free will.