Donald Trump and Elon Musk's alliance has crumbled, marked by drug use allegations and political disagreements. The feud impacts Tesla's stock and more.
The partnership between former US President Donald Trump and Elon Musk has deteriorated into a public feud, marked by accusations and political disagreements.
Speculation surrounding Elon Musk's alleged drug use, including claims published in The New York Times, has added fuel to the already tense situation. The report detailed claims about Musk's frequent use of ketamine and other substances, reportedly while supporting Trump's political efforts.
When questioned about the allegations, Trump stated the NYT article seemed “very unfair” to Musk. He also addressed government subsidies provided to Tesla, emphasizing the need for fairness for both the company and the country. Trump further commented on the symbolic “key” he had previously given to Musk and Musk's short tenure at the Department of Government Efficiency (DOGE).
The relationship soured after Musk publicly criticized Trump’s spending bill, calling it a “disgusting abomination.” This public disagreement led to personal attacks between the two figures.
The feud has had real-world consequences, with Tesla shares experiencing a significant drop. Furthermore, Trump is reportedly considering selling or giving away a Tesla he acquired during their period of political alignment.