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Trump, Musk feud causes major Tesla market drop

Trump and Musk feud over electric vehicle tax credits, causing Tesla’s market value to plunge by $152.4 billion.

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Trump and Musk feud over electric vehicle tax credits, causing Tesla’s market value to plunge by $152.4 billion.

In Short:
Trump and Musk’s heated argument over policy led to a major rift, with Musk accusing Trump of ingratitude despite his past support. This dispute caused Tesla’s market value to plummet by $152.4 billion, highlighting shifts in political relationships and their economic implications.

President Trump and Elon Musk engaged in a heated exchange of insults on Thursday, leading to a significant rift in their relationship.

Trump accused Musk of experiencing “Trump derangement syndrome,” suggesting that Musk’s criticism of his legislative agenda stemmed from the repeal of electric-vehicle tax credits.

Musk, who invested heavily to support Trump’s election bid, retaliated by stating that Trump was ungrateful and implied that he would not be president without Musk’s backing.

This public dispute resulted in a notable decline in Tesla’s market value, which dropped by approximately $152.4 billion—the largest single-day decline recorded for the company.

Big, beautiful bill

The conflict was sparked by Musk’s vocal opposition to Trump’s proposed “one big, beautiful bill.” The legislation seeks to extend and expand tax cuts, while also allocating funds for border enforcement and the military, all of which are partially offset by cuts to Medicaid, food aid, and clean-energy tax credits.

The fallout from this exchange highlights the changing dynamics in American political relationships, particularly in the context of influential figures such as Musk and their impact on policy discussions and market behaviour.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Over 330,000 displaced as Middle East tensions escalate

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The Middle East is facing a growing humanitarian crisis as renewed conflict between the United States, Israel, and Iran sends shockwaves across the region. Families are fleeing cities, villages, and towns, leaving behind homes and livelihoods in search of safety amid rising violence. The UN refugee agency reports that thousands of people are on the move daily, particularly from Tehran and other affected areas in Iran.

In Lebanon, the humanitarian toll is mounting. Over 84,000 people are now sheltering in nearly 400 collective sites, while more than 30,000 have crossed into Syria since the escalation began. Evacuation orders affecting over 50 villages triggered a wave of displacement from southern Lebanon, the Bekaa Valley, and Beirut’s southern suburbs, adding to tens of thousands still displaced from the 2024 conflict. Many are attempting to flee on foot with few belongings, seeking safety in neighbouring areas.

The situation is raising fears of a wider refugee crisis. European authorities warn that displacement of just 10 percent of Iran’s population could rival the largest refugee flows of recent decades. Turkey has prepared facilities for up to 90,000 potential arrivals, while the UNHCR says it requires $454 million in 2026 to support displaced populations across Afghanistan, Iran, Pakistan, and Central Asia—but has received only 15 percent so far.

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Trump weighs U.S. role in Iran as Middle East conflict escalates

Trump consults advisers on U.S. strategy post-Iran conflict as regional tensions escalate amid military actions.

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Trump consults advisers on U.S. strategy post-Iran conflict as regional tensions escalate amid military actions.


President Trump is consulting with top advisers on how the U.S. should respond once the conflict in Iran subsides. Decisions on military, diplomatic, and regional strategies are reportedly being finalised amid the ongoing conflict.

Meanwhile, Iran has targeted multiple regional sites while Israel intercepted a jet fighter over Tehran, signalling a dangerously volatile situation. International concern grows as conflicts risk wider escalation.

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U.S. submarine sinks Iranian warship near Sri Lanka

U.S. video of Iranian warship sinking escalates tensions, confirms submarine responsible near Sri Lanka, sparks geopolitical concerns.

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U.S. video of Iranian warship sinking escalates tensions, confirms submarine responsible near Sri Lanka, sparks geopolitical concerns.


A dramatic video showing the sinking of an Iranian warship has been released by the United States, escalating tensions in an already volatile region. While the exact date and full details of the footage remain unverified, the images have quickly gone viral across global platforms.

U.S. Department of War Secretary Pete Hegseth confirmed that a U.S. submarine was responsible for sinking the Iranian vessel off the southern coast of Sri Lanka. The development marks a significant flashpoint in maritime security across the Indo-Pacific.

Sri Lanka’s Foreign Minister identified the ship as the IRIS Dena, raising fresh geopolitical questions about Tehran’s naval movements and Washington’s strategic response.

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