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What Trump-Musk feud means for tech billionaire's businesses

23 0
07.06.2025

Once a vocal critic of Donald Trump during his 2016 United States election campaign, Elon Musk, the billionaire CEO of Tesla and SpaceX, pivoted from his Democratic Party roots to embrace Trump’s policies during the Republican's second term.

Frustrated by Obama-era regulations stifling his ventures, Musk embraced Trump’s agenda of tax cuts and deregulation.

Their bond grew from mutual respect to a robust political alliance, which saw Musk last year back Trump's reelection campaign to the tune of nearly $300 billion (€263 billion).

When Trump returned to the White House in January, the world's richest man took on an advisory role in the administration, leading the controversial Department of Government Efficiency (DOGE).

Tasked with slashing public spending, Musk's role stirred controversy, impacting Tesla's stock price and auto sales. After months of pressure from investors, Musk agreed last month to scale back his work in Trump's government.

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On Thursday, wearing a T-shirt emblazoned with the "The Dogefather," Musk was given an initially cordial farewell by the president in the Oval........

© Deutsche Welle