{"content":"#TrumpVsMusk Trump to Sell Tesla Amid Feud With Elon Musk, White House Confirms Ongoing Clash Poses Financial and Political Risks for Both President Donald Trump is planning to sell his Tesla and has no intention of reconciling with Elon Musk, according to two senior administration officials. This marks a sharp escalation in the public fallout between the two influential figures, whose recent exchange of insults and threats has drawn widespread attention and raised the stakes for both. A White House official, speaking on condition of anonymity, confirmed on Friday that the president intends to part ways with the red Tesla he purchased in March. The car had been meant as a symbol of support for Musk, who had faced criticism over his alignment with the Trump administration. However, officials now say the president has lost interest in any further engagement with the billionaire entrepreneur — even after Musk signaled a willingness to ease tensions. On Thursday night, Musk backed down from an earlier threat to "immediately" shut down SpaceX’s Dragon spacecraft operations, which play a vital role in transporting NASA astronauts and supplies to the International Space Station. Shortly after, billionaire investor Bill Ackman urged the two men to reconcile “for the good of the country.” Musk responded, “You’re not wrong.” The rift could carry serious consequences for both sides. Musk's businesses — particularly SpaceX — have received billions in federal contracts and were poised for more. Trump has now threatened to terminate those agreements, a move that could significantly affect Musk’s bottom line. Trump also stands to lose. Musk, the world’s richest individual, contributed roughly $275 million to help elect Trump in 2024 and had pledged an additional $100 million to pro-Trump organizations ahead of the 2026 midterms. Those future contributions are now uncertain as the fallout continues","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/07/f7a7c1bda15944d0bad2d4fa2d1cb270.png"],"tags":[],"tradingPairs":[],"quotearticleid":0}