Trump and Musk Feud Threatens Financial Stability of Tesla and SpaceX

A public feud between Elon Musk and Donald Trump is raising concerns about the financial stability of both companies, particularly Tesla and SpaceX. The escalating conflict has raised fears that government contracts and subsidies could be impacted, potentially threatening their existing and future projects. Experts have highlighted the risk of withdrawal from NASA services by SpaceX as a critical consequence of this conflict. Trump’s criticism further fueled tensions, while Musk took the opportunity to address public statements through social media platforms. The potential for financial ramifications extends beyond Tesla and SpaceX, with crypto markets also caught in the crosshairs. The cryptocurrency community has urged Musk to support Bitcoin, anticipating possible shifts in market dynamics. This feud’s impact on the crypto space is still unclear but it’s worth observing for short-term price fluctuations. Financial institutions are closely monitoring this situation while regulatory bodies remain silent.