2 days ago
Elon Musk raises US recession warning, says Donald Trump's .... will cause a Recession in America in second half of 2025
Tesla and
SpaceX
CEO
Elon Musk
has warned that President
Donald Trump
's aggressive new
trade tariffs
could plunge the U.S. economy into a recession by the second half of 2025, intensifying a high-profile clash between the world's richest man and the U.S. President. Elon Musk's remarks, posted on his Twitter platform, responded to a user who called Trump's tariffs 'super stupid.' 'The Trump tariffs will cause a recession in the second half of this year,' Musk wrote, adding, 'If America goes broke, nothing else matters.' The comments sent shockwaves through financial markets, with Tesla's stock plummeting over 14% on Thursday (June5), wiping out nearly $150 billion in market value.
The tension between Elon Musk and Donald Trump has been going since past few days. Elon Musk openly criticised TRump's signature spending bill, 'The
Big and Beautiful Bill
'. Trump expressed disappointment in Musk, criticizing the billionaire's attacks on his tax cuts and spending plans. "I'm very disappointed because Elon knew the inner workings of this bill better than almost anybody sitting here,' Trump told reporters. 'All of a sudden, he had a problem, and he only developed a problem when he found out we're going to have to cut the EV mandate.'
Musk fired back in real time, posting rebuttals on Twitter as Trump spoke. In a scathing post, he wrote, 'Such ingratitude,' highlighting his significant financial support for Republicans during the 2024 election. 'Without me, Trump would have lost the election, Dems would control the House, and the Republicans would be 51-49 in the Senate,' Musk claimed.
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As tensions further boiled, Musk wrote, 'Trump has 3.5 years left as President, but I will be around for 40+ years,' Musk posted, signaling a long-term standoff.
In acrimonious back and forth, Musk announced that SpaceX would begin decommissioning its Dragon spacecraft immediately, a move that could disrupt NASA and U.S. space operations.
The public spat, unfolding rapidly on social media, mirrors the intense and volatile start of their relationship.
Last week, Musk appeared at a subdued Oval Office news conference, sporting a black eye he attributed to his young son but which many saw as symbolic of his tumultuous time in government.
