Trump Rules Out Talks with Elon Musk Amid Explosive Public Fallout
President Trump dismisses any reconciliation with Elon Musk, calling him “unhinged,” as tensions rise over legislation, subsidies, and public allegations.
Washington D.C., June 6, 2025: In a direct and unmistakable statement, President Donald Trump has made it clear he is “not interested” in speaking with Elon Musk, deepening an already public and personal rift between the White House and one of the world’s most prominent tech billionaires. The comment, confirmed by a White House official, follows escalating tensions over economic policy and public allegations exchanged between the two former allies.
Policy Dispute Sparks Rift
According to Reuters, the fallout between Trump and Musk began to unravel over the administration’s proposed “One Big Beautiful Bill,” a tax-cut and spending package central to Trump’s economic agenda. The legislation, which includes provisions to slash subsidies for electric vehicles, drew sharp criticism from Musk, who warned that it would add unsustainable levels of debt and directly harm innovation sectors.
Musk, who previously held an advisory role within the Department of Government Efficiency (DOGE) under the Trump administration, has been vocal in his opposition. In particular, he raised concerns that the bill would dismantle key support mechanisms for the clean energy industry, most notably affecting Tesla, his flagship company.
Trump Responds with Public Rebuke
In response, President Trump openly dismissed Musk’s objections, accusing him of acting out of self-interest. According to the White House official, Trump told aides he believes Musk has “lost his mind,” firmly ruling out any direct engagement with the billionaire. “There is zero interest on President Trump’s part to engage with Mr. Musk at this time,” the official told Reuters on background.
Market Reacts to Political Turbulence
The clash quickly spilled into the financial markets. Following Trump’s remarks and threats to review federal contracts associated with Musk’s businesses, Tesla shares plummeted. Reuters reported a staggering $150 billion loss in market capitalization for the automaker in a single trading session—the worst one-day drop in its history.
The broader tech sector also felt the tremors, as investors absorbed the implications of souring relations between the White House and one of its most visible corporate figures.
Musk Escalates With Epstein Allegations
The feud intensified when Musk alleged on social media that the Trump administration was suppressing documents related to Jeffrey Epstein. In a now viral post on X (formerly Twitter), Musk wrote: “Time to drop the really big bomb: Trump is in the Epstein files. That is the real reason they have not been made public. Have a nice day, DJT!”
The New York Post reported that Trump quickly brushed off the accusation. Asked about any potential talks with Musk, the President remarked, “You mean the man who has lost his mind?” adding he had no interest in speaking with him.
Political Fallout Within the GOP
Observers warn that the feud could disrupt internal dynamics within the Republican Party. Once seen as a useful figure for bridging conservative politics and tech innovation, Musk is now viewed by some party strategists as a divisive presence. According to Reuters, concerns are growing that the rift could complicate Senate negotiations on the pending bill.
Ackman Urges Truce—But Trump Unmoved
In the face of the public escalation, investor Bill Ackman issued a call for calm, urging both Trump and Musk to put aside their differences. Musk responded cryptically, saying, “You’re not wrong,” but has not made any further overtures.
As per the Times of India, President Trump has shown no interest in compromise. Focused on global affairs and legislative targets, the administration appears unwilling to shift its stance. “The President is focused on delivering results for the American people,” a White House aide said.
No Signs of Reconciliation
With both camps entrenched and the public barbs continuing, the Trump-Musk confrontation has become a defining episode in the intersection of politics and business. Whether it leads to further political fallout or remains a headline-driven spat, its effects are already rippling through policy circles and financial markets alike.
Source: Reuters, New York Post, Times of India, The Sun
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Amit Singh is a Reporting Fellow at Hindustan Herald, where he covers the intricate dynamics of Indian politics and global geopolitical shifts. Currently pursuing his studies at Delhi University, Amit brings a keen analytical mind and a passion for factual reporting to his daily coverage, providing readers with well-researched insights into the forces shaping national and international affairs.
- Amit Singhhttps://hindustanherald.com/authors/amit_s/
- Amit Singhhttps://hindustanherald.com/authors/amit_s/
- Amit Singhhttps://hindustanherald.com/authors/amit_s/
- Amit Singhhttps://hindustanherald.com/authors/amit_s/
