Trump and Musk Clash Over “Big and Beautiful,” Vice President JD Vance Calls for His Return
Since Musk publicly opposed the “Great and Beautiful Act,” Trump immediately retaliated, even suggesting he would cancel Tesla, SpaceX, and government-related contracts, resulting in Tesla’s stock evaporating by $153 billion in a single day. With both sides at a standstill, Vice President JD Vance had to step in to ease the tension, reaching out to Musk on a program and hoping he would return.
Musk Opposes Trump’s Tax Reform Act, Triggering Controversy
The incident was triggered by the content of the “Great and Beautiful Act,” which mentioned “gradually eliminating electric vehicle purchase subsidies.” As the CEO of Tesla, Musk immediately came out in opposition to the bill, questioning its potential to cause a massive increase in the fiscal deficit.
Trump Hits Back Publicly: I Saved Him, But He’s Ungrateful
In an interview on June 7, Trump stated mercilessly:
“I gave him a chance during my last administration, even saved his life, and now he’s ungrateful. I don’t plan to talk to him again.”
Trump further warned Musk:
“If he dares to fund Democratic candidates, there will be very serious consequences.”
After the news broke, Tesla’s stock lost $153 billion in one day, becoming the market focus.
Trump Suggests Canceling Government Contracts with Musk
When asked if he would really cancel the government contracts of Musk’s companies, SpaceX and Tesla, Trump stated:
“Of course, I can do that, but I’m not seriously thinking about it right now.”
It remains to be seen whether Trump will use his power to retaliate against Musk.
Vice President Vance Steps in as Mediator, Hoping Musk Will Return
Seeing both sides at an impasse, Vice President JD Vance expressed in an interview on June 7:
“I hope Musk can come back to our side.”
It is understood that Vance used a “peaceful outreach” approach under Trump’s private instructions to win Musk back and avoid the situation from escalating further.
Trump Emphasizes the Bill Will Pass, Musk Can’t Block It
Despite Musk’s substantial opposition, Trump stated:
“He doesn’t have the ability to block this bill; I’m confident it will pass before July 4.”
Currently, there are still enough votes within the Republican Party to support the passage of this bill.
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