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'Elon is going to get decimated:' How Trump's feud with the world's richest man might end

'Elon is going to get decimated:' How Trump's feud with the world's richest man might end

Yahoo12 hours ago

WASHINGTON — If history is any guide, and there is a lot of history, the explosive new falling out between President Donald Trump and Elon Musk is not going to end well for the former White House advisor and world's richest man.
The political battlefield is littered with the scorched remains of some of Trump's previous allies who picked a fight with him or were on the receiving end of one.
Lawyer Michael Cohen. Political advisor Steve Bannon. Attorney General Jeff Sessions, Defense Secretary James Mattis and Secretary of State Rex Tillerson. John Bolton, John Kelly and Chris Christie, to name just a few.
'If what happened to me is any indication of how they handle these matters, then Elon is going to get decimated,' said Cohen, the former long-term Trump lawyer and fixer who once said he'd 'take a bullet' for his boss. Musk, he said, "just doesn't understand how to fight this type of political guerilla warfare."
'They're going to take his money, they're going to shutter his businesses and they're going to either incarcerate or deport him,' Cohen said of what he thinks Musk will suffer at the hands of Trump and his administration. 'He's probably got the White House working overtime already, as we speak, figuring out how to close his whole damn thing down.'
Cohen had perhaps the most spectacular blow up, until now, with Trump. He served time in prison after Trump threw him under the bus by denying any knowledge of pre-election payments Cohen made to a porn actress to keep her alleged tryst with Trump quiet before the 2016 election.
More: President Trump threatens Elon Musk's billions in government contracts as alliance craters
Cohen felt so betrayed by Trump that he titled his memoir 'Disloyal,' but the Trump administration tried to block its publication. Cohen ultimately fought back, becoming a star witness for the government in the state 'hush money' case and helped get Trump convicted by a Manhattan jury.
Some suffered similar legal attacks and other slings and arrows, including Trump taunts and his trademark nasty nicknames. Trump vilified others, casting them into the political wilderness with his MAGA base.
When Sessions recused himself from the Justice Department's investigation of Russian meddling in the 2016 election, Trump savaged him, calling his appointment a 'mistake' and lobbing other epithets.
Sessions resigned under pressure in 2018. When he tried to resurrect his political career by running for his old Senate seat in Alabama, Trump endorsed his opponent, who won the GOP primary.
After firing Tillerson, Trump called the former ExxonMobil chief lazy and 'dumb as a rock.' Trump still taunts Christie, an early supporter and 2016 transition chief, especially about his weight.
Trump also had a falling out with Bannon, who was instrumental in delivering his presidential victory in 2016 and then joined the White House as special advisor.
'Steve Bannon has nothing to do with me or my Presidency,' Trump said in 2018, a year after Bannon's ouster from the White House. 'When he was fired, he not only lost his job, he lost his mind.'
Trump's Justice Department even indicted Bannon in 2020 for fraud, though the President pardoned him before leaving office.
One of Trump's biggest feuds was with Bolton, whom he fired as his national security advisor in 2019.
Trump used every means possible to prevent his book, 'The Room Where it Happened,' from being published, Bolton told USA TODAY on Thursday. That included having the U.S. government sue his publisher on the false premise that Bolton violated a nondisclosure agreement and was leaking classified information, Bolton said.
Bolton said Musk is unlike most others who have crossed swords with Trump in that he has unlimited amounts of money and control of a powerful social media platform in X to help shape the narrative. Musk also has billions in government contracts that even a vindictive Trump will have a hard time killing, as he threatened to do on Thursday, without significant legal challenges.
Even so, Bolton said, "It's going to end up like most mud fights do, with both of them worse off. The question is how much worse the country is going to be off."
This article originally appeared on USA TODAY: Why the Trump-Musk feud might not end well for the world's richest man

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Musk could lose billions of dollars depending on how spat with Trump unfolds

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NEW YORK -- The world's richest man could lose billions in his fight with world's most powerful politician. The feud between Elon Musk and Donald Trump could mean Tesla's plans for self-driving cars hit a roadblock, SpaceX flies fewer missions for NASA, Starlink gets fewer overseas satellite contracts and the social media platform X loses advertisers. Maybe, that is. It all depends on Trump's appetite for revenge and how the dispute unfolds. Joked Telemetry Insight auto analyst Sam Abuelsamid, 'Since Trump has no history of retaliating against perceived adversaries, he'll probably just let this pass.' Turning serious, he sees trouble ahead for Musk. 'For someone that rants so much about government pork, all of Elon's businesses are extremely dependent on government largesse, which makes him vulnerable.' Trump and the federal government also stand to lose from a long-running dispute, but not as much as Musk. The dispute comes just a week before a planned test of Tesla's driverless taxis in Austin, Texas, a major event for the company because sales of its EVs are lagging in many markets, and Musk needs a win. Trump can mess things up for Tesla by encouraging federal safety regulators to step in at any sign of trouble for the robotaxis. Even before the war of words broke out on Thursday, the National Highway Transportation Safety Administration requested data on how Musk's driverless, autonomous taxis will perform in low-visibility conditions. That request follows an investigation last year into 2.4 million Teslas equipped with full self-driving software after several accidents, including one that killed a pedestrian. A spokesman for NHTSA said the probe was ongoing and that the agency "will take any necessary actions to protect road safety.' The Department of Justice has also probed the safety of Tesla cars, but the status of that investigation is unclear. The DOJ did not respond immediately to requests for comment. The promise of a self-driving future led by Tesla inspired shareholders to boost the stock by 50% in the weeks after Musk confirmed the Austin rollout. But on Thursday, the stock plunged more than 14% amid the Trump-Musk standoff. On Friday, it recovered a bit, bouncing back nearly 4%. 'Tesla's recent rise was almost entirely driven by robotaxi enthusiasm," said Morningstar analyst Seth Goldstein. 'Elon's feud with Trump could be a negative.' One often-overlooked but important part of Tesla's business that could take a hit is its sales of carbon credits. As Musk and Trump were slugging it out Thursday, Republican senators inserted new language into Trump's budget bill that would eliminate fines for gas-powered cars that fall short of fuel economy standards. Tesla has a thriving side business selling 'regulatory credits' to other automakers to make up for their shortfalls. Musk has downplayed the importance of the credits business, but the changes would hurt Tesla as it reels from boycotts of its cars tied to Musk's time working for Trump. Credit sales jumped by a third to $595 million in the first three months of the year even as total revenue slumped. Musk's foray into right-wing politics cost Tesla sales among the environmentally minded consumers who embraced electric cars and led to boycotts of Tesla showrooms. If Musk has indeed ended his close association with Trump, those buyers could come back, but that's far from certain. Meanwhile, one analyst speculated earlier this year that Trump voters in so-called red counties could buy Teslas 'in a meaningful way.' But he's now less hopeful. 'There are more questions than answers following Thursday developments,' TD Cowen's Itay Michaeli wrote in his latest report, 'and it's still too early to determine any lasting impacts.' Michaeli's stock target for Tesla earlier this year was $388. He has since lowered it to $330. Tesla was trading Friday at $300. Tesla did not respond to requests for comment. Trump said Thursday that he could cut government contracts to Musk's rocket company, SpaceX, a massive threat to a company that has received billions of federal dollars. The privately held company that is reportedly worth $350 billion provides launches, sends astronauts into space for NASA and has a contract to send a team from the space agency to the moon next year. But if Musk has a lot to lose, so does the U.S. SpaceX is the only U.S. company capable of transporting crews to and from the space station, using its four-person Dragon capsules. The other alternative is politically dicey: depending wholly on Russia's Soyuz capsules. Musk knew all this when he shot back at Trump that SpaceX would begin decommissioning its Dragon spacecraft. But it is unclear how serious his threat was. Several hours later — in a reply to another X user — he said he wouldn't do it. A subsidiary of SpaceX, the satellite internet company Starlink, appears to also have benefited from Musk's once-close relationship with the president. Musk announced that Saudi Arabia had approved Starlink for some services during a trip with Trump in the Middle East last month. The company has also won a string of other recent deals in Bangladesh, Pakistan, India and elsewhere as Trump has threatened tariffs. It's not clear how much politics played a role, and how much is pure business. On Friday, The Associated Press confirmed that India had approved a key license to Starlink. At least 40% of India's more than 1.4 billion people have no access to the internet. Big advertisers that fled X after Musk welcomed all manner of conspiracy theories to the social media platform have started to trickle back in recent months, possibly out of fear of a conservative backlash. Musk has called their decision to leave an 'illegal boycott' and sued them, and the Trump administration recently weighed in with a Federal Trade Commission probe into possible coordination among them. Now advertisers may have to worry about a different danger. If Trump sours on X, "there's a risk that it could again become politically radioactive for major brands,' said Sarah Kreps, a political scientist at Cornell University. She added, though, that an 'exodus isn't obvious, and it would depend heavily on how the conflict escalates, how long it lasts and how it ends.'

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