Tag Archives: Elon Musk

What’s at stake as Trump and Musk feud publicly



What’s at stake as Trump and Musk feud publicly – CBS News










































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There’s no sign that a reconciliation is possible between President Trump and Elon Musk after the two traded insults in public view. Scott MacFarlane reports there is a lot of money and political power at stake.

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Elon Musk suggests creating a new political party amid Trump rift

Elon Musk publicly mused about creating a new political party this week, an idea that could escalate the billionaire’s feud with his onetime ally President Trump.

Musk first floated the idea on Thursday. In between jabs at Mr. Trump, the billionaire posted a poll to X asking his 220 million followers if they think it’s “time to create a new political party in America that actually represents the 80% in the middle.”

A day later, Musk noted that 80% of respondents to the poll backed the idea.

“This is fate,” he wrote Friday evening.

Musk then endorsed a fan’s suggestion that he name it the “America Party.” The name bears a resemblance to America PAC, the political action committee founded by Musk last year that was his main vehicle for spending $239 million to help elect Mr. Trump and other Republican candidates in 2024.

Starting a new political party is easier said than done. The Democratic and Republican parties, and some of the larger third parties, already have ballot access in virtually every state, so an upstart party that hopes to be competitive would need to navigate a web of state-by-state rules to get its candidates on the ballot.

And while Musk — the world’s richest person — is legally allowed to pour unlimited money into his America PAC because it is organized as an independent super PAC, donations to formal political parties are capped at well under $1 million, per the Federal Election Commission’s contribution limits for 2025-2026 federal elections.

It’s not clear how serious Musk is about the idea of breaking with the Republican Party. Later Friday, the billionaire replied “Ok” to a person who argued “the best bang for your buck” is to get involved in GOP primaries. He also seemed to entertain a post that suggested reforming one of the main parties “from the inside out” instead of starting a third party, replying “Hmm.”

Still, Musk’s musings about starting a new political party could signal he plans to stay engaged in politics, and may try to challenge Mr. Trump’s influence. 

Musk said last month he planned on dialing back his political spending generally, saying at the time that he didn’t “see a reason” to keep putting his money into politics, though he left open the possibility of getting involved again. His time leading the Trump administration’s Department of Government Efficiency also came to an end last week, with Mr. Trump publicly expressing support. 

But Musk began directly challenging Mr. Trump on Tuesday, calling the One Big Beautiful Bill Act — a sprawling domestic policy bill backed by Mr. Trump — a “disgusting abomination” and urging lawmakers to vote against it. The two men publicly sparred on Thursday, with Mr. Trump threatening to cut off subsidies to Musk’s companies, while Musk claimed the president was ungrateful for the hundreds of millions he poured into helping the 2024 Trump campaign.

Musk entered the congressional fray at a delicate moment for the GOP. The party’s domestic policy bill narrowly passed the House last month, but it still needs to go through the Senate, and if the upper chamber makes any changes, it will need to head back to the House again.

Musk offered a pointed suggestion Thursday afternoon to any congressional Republicans who may be unsure of whether to side with him or the president, writing on X: “Trump has 3.5 years left as President, but I will be around for 40+ years.”

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Supreme Court halts lower court orders requiring DOGE to hand over information about work and personnel

Washington — The Supreme Court on Friday halted lower court orders that required the White House’s Department of Government Efficiency to turn over information to a government watchdog group as part of a lawsuit that tests whether President Trump’s cost-cutting task force has to comply with federal public records law.

The order from the high court clears DOGE for now from having to turn over records related to its work and personnel, and keeps Amy Gleason, identified as its acting administrator, from having to answer questions at a deposition. Justices Sonia Sotomayor, Elena Kagan and Ketanji Brown Jackson dissented.

“The portions of the district court’s April 15 discovery order that require the government to disclose the content of intra–executive branch USDS recommendations and whether those recommendations were followed are not appropriately tailored,” the court said in its order. “Any inquiry into whether an entity is an agency for the purposes of the Freedom of Information Act cannot turn on the entity’s ability to persuade. Furthermore, separation of powers concerns counsel judicial deference and restraint in the context of discovery regarding internal executive branch communications.”

The Supreme Court sent the case back to the U.S. Court of Appeals for the D.C. Circuit for more proceedings.

Chief Justice John Roberts temporarily paused the district court’s order last month, which allowed the Supreme Court more time to consider the Trump administration’s bid for emergency relief. A district judge had ordered DOGE to turn over documents to the group, Citizens for Responsibility and Ethics in Washington, by June 3, and for Gleason’s deposition to be completed by June 13.

The underlying issue in the case involves whether DOGE is subject to the Freedom of Information Act. CREW argues that the cost-cutting task force wields “substantial independent authority,” which makes it a de facto agency that must comply with federal public records law.

The Justice Department, however, disagrees and instead claims that DOGE is a presidential advisory body housed within the Executive Office of the President that makes recommendations to the president and federal agencies on matters that are important to Mr. Trump’s second-term agenda. 

DOGE’s agency status was not before the Supreme Court, though the high court may be asked to settle that matter in the future. Instead, the Trump administration had asked the justices to temporarily halt a district court’s order that allowed CREW to gather certain information from DOGE as part of its effort to determine whether the task force is an advisory panel that is outside FOIA’s scope or is an agency that is subject to the records law.

The judge overseeing the dispute, U.S. District Judge Christopher Cooper, had ordered DOGE to turn over certain documents to the watchdog group by June 3 and to complete all depositions, including of Gleason, by June 13.

Mr. Trump ordered the creation of DOGE on his first day back in the White House as part of his initiative to slash the size of the federal government. Since then, DOGE team members have fanned out to agencies across the executive branch and have been part of efforts to shrink the federal workforce and shutter entities like the U.S. Agency for International Development and the U.S. Institute of Peace.

DOGE has also attempted to gain access to sensitive databases kept by the Internal Revenue Service, Social Security Administration and Office of Personnel Management, prompting legal battles.

In an effort to learn more about DOGE’s structure and operations, CREW submitted an expedited FOIA request to the task force. After it did not respond in a timely manner, CREW filed a lawsuit and sought a preliminary injunction to expedite processing of its records request. The organization argued that DOGE was exercising significant independent authority, which made it an agency subject to FOIA.

Cooper granted CREW’s request for a preliminary injunction in March and agreed that FOIA likely applies to DOGE because it is “likely exercising substantial independent authority much greater than other [Executive Office of the President] components held to be covered by FOIA.”

He then allowed CREW to conduct limited information-gathering, which the watchdog group said aimed to determine whether DOGE is exercising substantial authority that would bring it within FOIA’s reach. A federal appeals court ultimately declined to pause that order, requiring DOGE to turn over the documents sought by CREW.

In seeking the Supreme Court’s intervention, Solicitor General D. John Sauer said CREW is conducting a “fishing expedition” into DOGE’s activities. He warned that if Cooper’s order remains in place, several components of the White House, such as the offices of the chief of staff and national security adviser, would be subject to FOIA.

“That untenable result would compromise the provision of candid, confidential advice to the president and disrupt the inner workings of the Executive Branch,” Sauer wrote. “Yet, in the decisions below, the court of appeals and district court treated a presidential advisory body as a potential ‘agency’ based on the persuasive force of its recommendations — threatening opening season for FOIA requests on the president’s advisors.”

But lawyers for CREW told the Supreme Court in a filing that the Justice Department’s position “would require courts to blindly yield to the Executive’s characterization” of the authority and operations of a component of the Executive Office of the President.

They said adopting the Trump administration’s approach to DOGE would give the president “free reign” to create new entities within the Executive Office of the President that exercise substantial independent authority but are shielded from transparency laws.

“Courts would be forced to blindly accept the government’s representations about an EOP unit’s realworld operations, unable to test those representations through even limited discovery,” CREW’s lawyers wrote. “It is that extreme position, not the discovery order, that would ‘turn[] FOIA on its head.'”

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Elon Musk’s Dad Sides with President in ‘Silly’ Feud: Trump ‘Will Prevail’

SpaceX and Tesla CEO Elon Musk’s father Errol Musk said Friday on Al Arabiya English’s “Global News Today” that President Donald Trump will “prevail” in the public feud with his son.

Musk said, “It seems a bit silly to me.”

Host Tom Burges Watson said, “Do you think this is a bump in the road, or do you think this is the end of the road for the relationship between your son and Mr. Trump?”

Musk said, “Just a bump in the road. It will fizzle out in a few days.”

He continued, “I haven’t spoken to him, but I did send him a message, you know, telling him to make sure this fizzles out.”

Musk added, “I think there’s a bit of tiredness here. But, I would say that, in some ways, you know, it’s good that the older person sees that even at the highest levels, people struggle. You know, it’s not just in your home with your own family, but at all levels, people struggle to find common ground with each other. And, I think that’s all we’re seeing now. Trump, of course, will prevail because he has been voted in by the majority of the people in America. I’ve just spent three weeks in America. The people on, I would like to say 80%, but actually 100% behind Trump.”

 

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Odd Timing: Tesla Heavily Discounts Floundering Cybertruck on Same Day Elon Musk Attacks Trump

Elon Musk’s Tesla has announced its biggest discount yet on the Cybertruck electric pickup truck, which it now offers zero percent financing on. The announcement was coincidentally timed for the same day that Elon Musk betrayed President Donald Trump.

Electrek reports that Elon Musk’s Tesla Cybertruck was once hotly anticipated by the car market, but has hit a major roadblock in sales, with the company now resorting to unprecedented discounts to stimulate demand. The EV giant has announced that it is offering interest-free loans on the Cybertruck until the end of June, effectively slashing prices by around $10,000 in a bid to clear out unsold inventory.

The Thursday announcement is especially striking because of its timing — the offer came on the same day that Elon Musk publicly lashed out at President Donald Trump, claiming he won Trump the election and even claiming he is a pedophile, which Musk’s own Grok chatbot disputed. Notably, the Cybertruck is the only Tesla EV to find any market with conservatives as it was seen as a status symbol by young influencers. For example, streamer Adin Ross gifted Trump a Cybertruck in August 2024.

The Cybertruck initially garnered over 1 million reservations. However, the production version launched in 2023 at nearly double the promised price and with reduced range specifications, causing demand to plummet. Tesla had ambitiously planned for an annual production capacity of 250,000 to 500,000 Cybertrucks at its Gigafactory Texas, but ended up selling only 40,000 units in the first year. Sales have declined even further in 2025, with inventories piling up. Data indicates the company is selling about 25,000 Cybertrucks a year, far below its estimates.

To address the crisis, Tesla began slowing production earlier this year and offering steeper discounts on its vehicles. The latest zero percent APR financing offer applies to Cybertrucks ordered with the $8,000 Full Self-Driving (FSD) package. This move follows reports that Tesla has largely abandoned plans to deliver its Autopilot feature on the Cybertruck, pushing customers towards the more expensive FSD option.

As Tesla’s fortunes increasingly hinge on the success of its Full Self-Driving program, the progress made by rivals in developing robotaxi technology threatens to erode any remaining advantage. The Cybertruck’s failure to gain traction in the market, coupled with underutilized production capacity at its factories, paints a grim picture for the erstwhile EV pioneer.

Read more at Electrek here.

Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship.

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Steve Bannon calls for federal investigation into Musk after split with Trump

Steve Bannon on Friday called for the Trump administration to investigate Elon Musk, whose brewing feud with the president became public Thursday in a series of escalating tit-for-tat social media posts.

Bannon, a former White House chief strategist and an ally of President Trump, told CBS News that he wants the White House and Trump administration to probe alleged drug use by Musk, as well as the South African-native’s immigration status. 

“They have to do that. You have to take his security clearance. Investigate drug use and investigate his involvement” with China, Bannon said in a phone interview. “And you have to investigate his status as a citizen.”

Bannon questioned whether Musk’s path to citizenship was handled properly. 

“If it turned out he overstayed visas and lied about it, it’s not right. It has to be investigated,” Bannon said.

Musk, the world’s richest man, was at first a powerful voice in the White House, after spending some $277 million in support of Mr. Trump’s election campaign. Mr. Trump lauded the cost-cutting efforts of the Musk-inspired Department of Government Efficiency during a March speech before Congress, but their relationship has since soured.

Bannon now believes DOGE needs greater scrutiny from the administration. 

“Did they take data sets to feed into their AI model? This has to be investigated now. He’s an unstable individual. What did DOGE do? What did DOGE find?” Bannon asked, saying it’s a matter of “national security.”

Bannon has criticized Musk for years, claiming to CBS News in March 2023 that Musk was “owned by the Chinese Communist Party.” In January, he called Musk “out of control.”

Bannon said Friday he is in “touch with the White House at many levels.” 



How the Trump-Musk feud could affect the Republican budget bill

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His comments came the day after Mr. Trump and Musk’s relationship broke down in a series of dramatic, public outbursts that erupted over Musk’s withering criticisms of Republicans’ tax and budget bill. 

The president said Musk “went CRAZY!” and threatened to cancel Musk’s lucrative government contracts. Musk claimed that Mr. Trump could not have won the presidency without him, voiced support for impeachment and claimed the president’s name appeared in files related to the case of Jeffrey Epstein, the deceased financier who died by suicide in federal custody in 2019 while facing charges of sex trafficking.

Throughout the back and forth, Mr. Trump continued to defend the budget bill Musk opposes.

“I don’t mind Elon turning against me, but he should have done so months ago. This is one of the Greatest Bills ever presented to Congress,” Mr. Trump posted on his social media site.

contributed to this report.

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Tesla stocks rebound in pre-market trading following Musk spat with Trump

Trump and Musk trade barbs as public feud grows



Trump and Musk trade barbs as public feud over budget bill turns personal

04:52

Tesla stock was climbing ahead of the market open, signaling a potential comeback after an online spat between President Trump and Tesla CEO Elon Musk sent stocks plunging yesterday. Share prices were up 4.5% before the bell Friday. 

Tesla stock plunged 18% in intraday trading yesterday, the sharpest sell-off in almost five years. It closed down 14.3%. 

Wedbush tech analyst Dan Ives suggested the dispute was unnerving for Tesla investors.

“Musk needs Trump and Trump needs Musk for many reasons and these two becoming friends again will be a huge relief for Tesla shares,” Ives wrote in a research note Friday. 

Still, he remains optimistic the stocks would rebound in spite of yesterday’s turbulence. “We will be monitoring the situation closely today but we believe Tesla shares are way oversold on this news as this spat between Trump and Musk does not change our firmly bullish view of the autonomous future looking ahead that we value at $1 trillion alone for Tesla,” he wrote.

Tesla shares tumbled Thursday following a heated exchange on social media between the president and Musk after the billionaire Tesla CEO denounced Mr. Trump’s  “big, beautiful bill.” The traded jabs on X and Truth Social, with Mr. Trump at one point threatening to strip Musk’s company of its government contracts. Musk responded saying he would order SpaceX to halt its Dragon spacecraft, which has been used for NASA missions.

Musk’s net worth on Thursday plunged $34 billion, putting his valuation at $335 billion, according to the Bloomberg Billionaires Index. In addition to Tesla, Musk owns The Boring Company, Neuralink, SpaceX, X (formerly known as Twitter) and xAI.

Tesla share prices have fallen 30% year to date.

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Trump and Musk trade barbs as public feud over budget bill turns personal



Trump and Musk trade barbs as public feud over budget bill turns personal – CBS News










































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The relationship between President Trump and Elon Musk broke down in dramatic and public fashion, with the president threatening to cancel Musk’s lucrative government contracts and Musk claiming that Mr. Trump could not have won the presidency without him, fueling a feud that erupted over Musk’s opposition to Republicans’ tax and budget bill. Nancy Cordes has details.

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Elon Musk Reveals How Much Money SpaceX Will Make This Year

A SpaceX Falcon 9 rocket takes off at NASA’s Kennedy Space Center on March 14, 2025. Aubrey Gemignani/NASA via Getty Images

Despite ongoing struggles at Tesla, Elon Musk’s other major venture, SpaceX, is experiencing record growth. The rocket and satellite company is on track to generate approximately $15.5 billion in revenue for 2025, Musk revealed in an X post on June 3. That figure marks a 31 percent increase from 2024, when SpaceX brought in an estimated $11.8 billion, according to consulting firm Novaspace.

SpaceX earns revenue through three primary streams: government launches, commercial launches and Starlink, its satellite-based internet service. As in previous years, Starlink is expected to be the company’s main revenue driver, accounting for about 80 percent of total revenue in 2025, per market research firm Quilty Space.

In 2024, Starlink generated $7.8 billion in revenue, Quilty reports. More than half of that came from commercial customers, while government contracts contributed around $3 billion.

Starlink currently operates the world’s largest satellite constellation, with roughly 7,000 satellites in low-Earth orbit. SpaceX aims to expand the network by another 30,000 satellites. The service now has more than 5 million users across 125 countries.

The remainder of SpaceX’s revenue will come from its launch business, which serves both government and commercial clients using the Falcon family of rockets. In 2024, the company completed 134 launches—more than any other operator globally. It plans to increase that number to 170 this year. NASA alone is expected to contribute $1.1 billion to SpaceX’s 2025 revenue, according to Musk.

“Commercial revenue from space will exceed the entire budget of NASA next year,” Musk said. The U.S. space agency is expected to face steep funding cuts under the Trump administration, which has proposed slashing NASA’s budget from $24.8 billion in 2025 to $18.8 billion in 2026.

SpaceX was valued at $350 billion last year after completing a secondary shares sale, making it one of the most valuable private firms in the world.

But SpaceX is also spending heavily. It is developing the Starship rocket system, a massive next-generation vehicle designed to eventually carry humans to the Moon and Mars. So far, SpaceX has conducted nine orbital test flights of Starship and aims to begin uncrewed missions to Mars as early as 2026.



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Van Jones: Trump Should Immediately ‘Fire, Investigate and Prosecute’ All of DOGE

Thursday on CNN’s “Anderson Cooper 360,” left-wing political commentator Van Jones said President Donald Trump should “fire, investigate and prosecute” all of the Department of Government Efficiency (DOGE) employees.

Jones said, “Look, a couple of things. One is, you know, the power that Elon Musk still has is significant. Somebody said Trump has three and a half more years, Elon has 40. He’s a billionaire. He’s got a long-term play.”

Cooper said, “I believe it was Elon Musk who said that.”

Jones said, “Elon’s correct. You good at math? But the other piece of it is those DOGE employees are very dangerous. If Donald Trump is smart, the first thing he’s going to do is fire, investigate and prosecute all of Elon’s people who are all throughout government with their laptops downloading data right now.”

Cooper said, “You think he should prosecute them?”

Jones said, “Listen, I don’t think that what they’re doing is legal,” said Jones. “A lot of them don’t have the proper clearances. And I think that if you investigate, you’ll find they’ve uploaded data into servers that are that are the wrong, the wrong thing to do. So I think there should definitely be an investigation there. If Donald Trump is smart, the leverage that Elon has is he left, his kids didn’t. They’re still in there. So this fight, if it’s going to be a fight that Donald Trump prevails on in the short term, go after DOGE. Long term, he’s got to steal the Republican Party to deal with an Elon Musk that’s promising to spend money now in a decade from now.”

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