Elon Musk Mocks: Without Me, Trump Would Have Achieved Nothing

   

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Elon Musk, the billionaire CEO of Tesla and SpaceX, has made a controversial and explosive statement on social media, claiming that without his support, Donald Trump would have lost the 2020 presidential election.His comments, made on June 5, have sparked a heated confrontation between Musk and the former president, marking a dramatic shift in their once close relationship.

 Musk’s declaration has not only shocked the political world but also ignited a chain of events that has led to significant consequences for both men, including a staggering $152 billion loss in Tesla's market capitalization.

In his post on X (formerly Twitter), Musk boldly asserted, “If it weren’t for me, Trump would have lost the election, the Democrats would have controlled the House, and the Republicans would only hold a 51-49 majority in the Senate.”

Musk’s comments came after Trump publicly criticized the billionaire for being “disloyal” despite the support Musk had given him during his campaign and his time as a government advisor.

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This statement marks the beginning of a public rift between Musk and Trump, who had previously been allies and even close collaborators in the political sphere. The fallout between the two men comes at a time when both are facing their own sets of challenges.

Musk, having recently stepped down from his advisory role in the Trump administration, is now focusing on his business ventures, especially Tesla and SpaceX.

However, the tension between the two has resulted in significant financial repercussions, particularly for Tesla, which has seen a sharp decline in its stock value. As of now, Tesla’s market capitalization has plummeted by $152 billion, a direct result of the public feud between Musk and Trump.

 

Musk and Trump’s relationship had been forged over the years through shared interests, including their advocacy for deregulation and their support for the American business ecosystem.

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Musk had been one of Trump’s most vocal allies in the tech world, contributing nearly $300 million to Trump’s election campaign and advising on various matters through his role at the Department of Government Efficiency (DOGE).

However, the relationship began to sour over the past few months, especially after the announcement of a new spending bill by the Trump administration. The new bill, which included cuts to electric vehicle tax incentives, directly impacted Tesla, a company whose core business relies on the success of electric vehicles.

Musk had campaigned heavily for the preservation of these incentives, which are essential for Tesla’s market dominance. When his lobbying efforts failed, Musk did not hesitate to voice his frustration, publicly calling the bill “a disgusting abomination.”

His harsh words were directed not only at the bill but at the lawmakers who supported it, including many in Trump’s circle. The situation escalated when Trump withdrew the nomination of Musk’s ally, Jared Isaacman, to become the administrator of NASA.

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Isaacman, a prominent figure in the space industry and a close friend of Musk, had been nominated for the role, but Trump unexpectedly pulled the nomination. This decision was seen as a personal blow to Musk, who had relied on his relationship with Trump to push his interests forward.

Sources close to Musk described the incident as the "last straw," with Musk feeling deeply offended by the snub. According to an insider, Musk felt “insulted” by the NASA decision, and for him, it was the tipping point in his relationship with Trump.

The fallout from these events has been swift and severe. Tesla, which had been a leader in the electric vehicle market, saw its stock value drop by $152 billion in the wake of the public dispute. 

Investors, concerned by the rift between Musk and Trump, began pulling back from the company, which led to the significant drop in Tesla's market capitalization. The decline in Tesla's stock is the most significant setback the company has faced, highlighting how intertwined Musk's public persona and political activities are with Tesla’s financial success.

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While Musk has since attempted to focus back on his core business ventures, particularly SpaceX and Tesla, the damage has been done. The stock market’s reaction reflects broader concerns about the influence of Musk’s personal and political views on the company.

Tesla’s market performance has always been closely tied to Musk’s leadership and public image. As a result, any controversy surrounding Musk, especially in the political arena, tends to ripple through the stock market, affecting investor confidence.

Musk’s comments and actions in the aftermath of the fallout with Trump have also raised concerns within Tesla’s workforce. Reports from Tesla employees suggest that Musk’s political activities have created internal strife, with some workers feeling disillusioned by his influence on the company.

In one instance, an employee was reportedly fired after creating a website to protest Musk’s political involvement, which he felt was detrimental to the company’s image and sales.

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Additionally, a training instructor at Tesla’s Austin facility noted that many employees were leaving the company with a “negative taste” in their mouths due to Musk’s actions.

Despite the turmoil, Musk remains committed to his long-term vision for Tesla and SpaceX. He continues to push forward with ambitious projects, including the development of Starship, the next-generation rocket designed for interplanetary travel, and the expansion of Starlink, his global satellite internet service.

Musk has reiterated his intention to remain focused on these ventures, despite the political distractions and challenges facing his companies. Musk’s political activities, however, are likely to continue to be a source of contention.

His strong stance on issues such as free speech, government regulation, and tax incentives for electric vehicles has made him a polarizing figure, even within the tech industry.

While his business acumen and innovations have earned him a devoted following, his political affiliations and outspoken nature have alienated some investors and consumers, especially those who disagree with his political views.

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In conclusion, the escalating feud between Elon Musk and Donald Trump has had significant financial repercussions for Tesla, resulting in a staggering $152 billion loss in market value.

The tension between the two men, fueled by disagreements over policy, has exposed the deep divides in the political and business landscape. While Musk remains focused on his ambitious goals for SpaceX and Tesla, the fallout from his political involvement is a reminder of the impact that a CEO’s personal views can have on the success of their company.

With political battles and business interests continuing to collide, it remains to be seen how Musk and Tesla will navigate this turbulent chapter in their history. The future of Tesla, once a beacon of innovation, is now deeply intertwined with Musk’s ability to manage both his business empire and his complex political relationships.