Donal Trump vs Elon Musk
President Donald Trump said on June 5, 2025, that he asked "crazy" Elon Musk to leave his administration and threatened to take away the tech tycoon's government contracts, as a growing row over the US president's budget bill triggered a bitter public divorce with his top donor.
Image: AFP / IOL Graphics
By Danny KEMP
Donald Trump and Elon Musk's unlikely political marriage exploded in a fiery public divorce Thursday, with the US president threatening to strip the billionaire of his huge government contracts in revenge.
Trump said in a televised Oval Office diatribe that he was "very disappointed" after his former aide and top donor criticised his "big, beautiful" spending bill before Congress.
The pair then hurled insults at each other on social media -- with Musk even posting, without proof, that Trump was referenced in government documents on disgraced financier and sex offender Jeffrey Epstein.
The row could have major political and economic fallout, as shares in Musk's Tesla car company plunged and the South African-born tech tycoon vowed that he would end a critical US spaceship program.
Speculation had long swirled that a relationship between the world's richest person and its most powerful could not last long -- but the speed of the meltdown took Washington by surprise.
"I'm very disappointed in Elon. I've helped Elon a lot," Trump told reporters in the Oval Office as visiting German Chancellor Friedrich Merz looked on silently.
Video Player is loading.
Play Video
Play
Unmute
Current Time
0:00
/
Duration
-:-
Loaded :
0%
Stream Type LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text Color White Black Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Transparent Semi-Transparent Opaque
Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps
Reset
restore all settings to the default values Done
Close Modal Dialog
End of dialog window.
Advertisement
Video Player is loading.
Play Video
Play
Unmute
Current Time
0:00
/
Duration
-:-
Loaded :
0%
Stream Type LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text Color White Black Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan
Transparency Transparent Semi-Transparent Opaque
Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps
Reset
restore all settings to the default values Done
Close Modal Dialog
End of dialog window.
Next
Stay
Close ✕
"Elon and I had a great relationship. I don't know if we will anymore."
A hurt-sounding Trump, 78, noted in a 10-minute diatribe that it had been only a week since he hosted a grand farewell for Musk as he left the cost-cutting Department of Government Efficiency (DOGE).
Trump later called Musk "crazy" and insisted he had asked the tycoon to leave because he was "wearing thin." 'Ingratitude'
Musk hit back in real time on his X social media platform, saying the Republican would not have won the 2024 election without him and slamming Trump for "ingratitude."
As the spat got increasingly vindictive, Musk also posted that Trump "is in the Epstein files," referring to US government documents on Epstein, whose 2019 jail cell suicide, while awaiting trial, sparked a major conspiracy theory.
"Have a nice day, DJT!" added Musk.
White House Press Secretary Karoline Leavitt told AFP that Musk's Epstein tweet "is an unfortunate episode from Elon, who is unhappy with the 'One Big Beautiful Bill' because it does not include the policies he wanted."
Musk, who was Trump's biggest campaign donor to the tune of $300 million, separately claimed the Republican would not have won the 2024 election without his support and accused him of "such ingratitude."
He replied "yes" to a post suggesting Trump should be impeached, and blasted Trump's global tariffs for risking a recession.
Trump finally suggested hitting the "crazy" entrepreneur where it hurts, threatening Musk's multibillion-dollar government contracts including for launching rockets and for the use of the Starlink satellite service.
"The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts," Trump said on Truth Social.
Again Musk fired back, with the SpaceX chief saying he would begin "decommissioning" his company's Dragon spacecraft -- vital for ferrying NASA astronauts to and from the International Space Station -- in response.
In light of the President's statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately pic.twitter.com/NG9sijjkgW — Elon Musk (@elonmusk) June 5, 2025
He later appeared to walk that back, replying to a user on Twitter: "OK, we won't decommission Dragon," though his tone was unclear. 'Abomination'
When the crossfire finally relented after several astonishing hours, Tesla had seen more than $100 billion wiped off the company's value.
Trump and Musk's whirlwind relationship had initially blossomed, with the president backing DOGE's cost-cutting rampage through the US government and the tycoon sleeping over at the White House and traveling on Air Force One.
But the 53-year-old ultimately lasted just four months on the job, becoming increasingly disillusioned with the slow pace of change and clashing with some of Trump's cabinet members.
The two men had however kept tensions over Trump's tax and spending mega-bill relatively civil -- until Musk described the plan, the centerpiece of Trump's domestic policy agenda for his second term, as an "abomination" because he says it will increase the US deficit.
Washington will now intently watch the fallout from the row.
Musk posted a poll on whether he should form a new political party -- a seismic threat from a man who has signaled he is ready to use his wealth to unseat Republican lawmakers who disagree with him.
Trump ally Steve Bannon -- a vocal opponent of Musk -- meanwhile called for the tycoon to be deported, the New York Times reported.
AFP
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
IOL News
2 hours ago
- IOL News
Financial tips for UK expats moving back to South Africa
Explore the financial implications for UK expats returning to South Africa, including tax residency, pension arrangements, and property considerations. Learn how to optimise your finances for a smooth transition back home. Image: Supplied. South Africa faces many challenges, but a clear trend is emerging of expats returning home. Stats SA's Migration Profile Report for South Africa, released last year, shows that since 2000, the number of South Africans in the UK has grown from 136,720 to 247,336. But in a move that some have dubbed 'reverse emigration', many are heading back. The top reasons for coming back range from missing the South African lifestyle and family and friends, to the bad weather and high cost of living in the UK. The UK is significantly more expensive than South Africa, especially when it comes to housing, eating out, and labour costs. For the same income, South Africa offers families better homes, an affordable lifestyle, and access to good schools. Here are the financial implications for expats returning to South Africa. Ensure your finances are in order before you move back A move between countries shifts tax residency, so you will need to determine your tax residency status in both the UK and South Africa, as this will impact how your income and worldwide assets are taxed. Be aware that South Africa taxes residents on their worldwide income while non-residents are taxed only on South African-sourced income. It is important to familiarise yourself with the UK-South Africa DTA to avoid being taxed twice on the same income. It is a good idea to monitor the GBP/ZAR exchange rate to plan the timing of your transfers. The Rand can be volatile, so it may be a good idea to work out your income and capital needs in South Africa and transfer only the amount that you are planning to spend there. Remember that retaining funds offshore can hedge against a weakening currency. Make sure you review your UK pension arrangements before you leave. Several UK pension providers will not accept SA residents on their platform or, when you become a non-resident in the UK, will not allow you to make further changes to your existing UK pension. This could have a material impact on your retirement planning. It's also a good idea to make sure you understand the tax treatment of your UK investments in South Africa, including potential liabilities for Capital Gains Tax or foreign dividends. A question that comes up often is 'Should I retain my ISAs?' Unfortunately, ISAs are not tax-free in South Africa, which has its own version of an ISA called a Tax-Free Savings Account. When moving to a new country, it's best to review the product wrappers you are currently using, as well as what options you have available in South Africa. Many clients benefit from restructuring their investments and tax optimising strategies when it comes to cross-border financial planning. If you have a UK property, you will need to decide whether to sell, rent out, or retain your UK property. Be aware of tax implications, such as Capital Gains Tax and rental income tax in both countries. Buying property in South Africa is fairly straightforward, but make sure that you do your due diligence before any large purchase. Getting set up with a bank account can be difficult without being physically present and able to provide proof of residence in South Africa. Once you have the required supporting documents, the process of opening an account is relatively easy. Many South African bank providers offer offshore accounts. The money required to be held in these accounts is much higher than a local bank account, but it can provide additional flexibility for holding non-Rand assets. * Adshade is the wealth advisor at Sable International. PERSONAL FINANCE
eNCA
3 hours ago
- eNCA
Musk deletes post claiming Trump 'in the Epstein files'
WASHINGTON - Tech billionaire Elon Musk has deleted an explosive allegation linking Donald Trump with disgraced financier Jeffrey Epstein that he posted on social media during a vicious public fallout with the US president this week. Musk -- who just exited his role as a top White House advisor -- alleged on Thursday that the Republican leader is featured in unreleased government files on former associates of Epstein, who died by suicide in 2019 while he faced sex trafficking charges. The Trump administration has acknowledged it is reviewing tens of thousands of documents, videos and investigative material that his "MAGA" movement says will unmask public figures complicit in Epstein's crimes. Trump was named in a trove of deposition and statements linked to Epstein that were unsealed by a New York judge in early 2024. The president has not been accused of any wrongdoing in the case. "Time to drop the really big bomb: (Trump) is in the Epstein files," Musk posted on his social media platform, X as his growing feud with the president boiled over into a spectacularly public row. "That is the real reason they have not been made public." Musk did not reveal which files he was talking about and offered no evidence for his claim. He initially doubled down on the claim, writing in a follow-up message: "Mark this post for the future. The truth will come out." However, he appeared to have deleted both tweets by Saturday morning. Supporters on the conspiratorial end of Trump's "Make America Great Again" base allege that Epstein's associates had their roles in his crimes covered up by government officials and others. They point the finger at Democrats and Hollywood celebrities, although not at Trump himself. No official source has ever confirmed that the president appears in any of the as yet unreleased material. Trump knew and socialized with Epstein but has denied spending time on Little Saint James, the private redoubt in the US Virgin Islands where prosecutors alleged Epstein trafficked underage girls for sex. "Terrific guy," Trump, who was Epstein's neighbor in both Florida and New York, said in an early 2000s profile of the financier. "He's a lot of fun to be with. It is even said that he likes beautiful women as much as I do, and many of them are on the younger side." Just last week, Trump gave Musk a glowing send-off as he left his cost-cutting role at the so-called Department of Government Efficiency (DOGE). But their relationship imploded within days as Musk described as an "abomination" a spending bill that, if passed by Congress, could define Trump's second term in office. Trump hit back in an Oval Office diatribe and from there the row detonated, leaving Washington and riveted social media users alike stunned by the blistering break-up between the world's richest person and the world's most powerful. With real political and economic risks to their row, both then appeared to inch back from the brink on Friday, with Trump telling reporters "I just wish him well," and Musk responding on X: "Likewise." But the White House denied reports they would talk.
IOL News
3 hours ago
- IOL News
Gauteng launches innovative number plates to fight crime
Gauteng's new number plates have QR (quick response) codes. Image: Supplied The Gauteng provincial government this week launched a new high-tech, tamper-proof and crime-fighting number plate system to be piloted over the next six months on its fleet before being publicly rolled out. According to the provincial Roads and Transport Department, the new intelligent number plate system represents a giant leap as it is a secure, traceable, and smart solution, incorporating tamper-evident decals, forensic QR (quick response) codes, and a fully digitised back-end portal. Gauteng Premier Panyaza Lesufi and Roads and Transport MEC Kedibone Diale-Tlabela officially unveiled the new system on Thursday in Johannesburg. The system's features include the ability to drastically improve the credibility of number plates and to enable license plate tracking within the value chain, from manufacturer to the vehicle owner. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ 'These technological enhancements are designed to combat vehicle theft, fraud, and cloning, while improving road safety and empowering traffic law enforcement across the province,' the department explained this week. For the next six months, the system will be piloted using g-Fleet vehicles affixed with the technologically advanced new number plates as part of the stress testing project before the provincial rollout. 'This system is set to drastically improve the credibility of number plates and to enable license plate tracking within the value chain, from manufacturer to end user (vehicle owner),' stated the department. In addition, it is hoped that the system will also address longstanding challenges in vehicle registration and the law enforcement framework, tackling cloned or fraudulent license plates, lack of interoperability with Southern African Development Community systems, and inadequate data traceability. Lesufi said his administration, assisted by the Council for Scientific and Industrial Research, is now deploying a digital system that ensures the ability to account for every vehicle on the province's roads. He warned that those using fraudulent or duplicate number plates will have no space or time to drive in Gauteng. Diale-Tlabela said the smart number plates will significantly reduce vehicle cloning, trafficking of stolen vehicles, and the use of falsified plates in criminal activities, as well as disrupt criminal networks and improve road safety. The Gauteng provincial legislature's Portfolio Committee on Transport and Logistics welcomed the strategic introduction of the number plates as an intervention towards safer roads.
