Musk Just Turned on Trump — Tesla Stock Tanks

Tesla Sinks After Musk Blasts Trump Spending Bill

Musk called President Trump’s new spending bill a “disgusting abomination” and warned Congress to kill it now. He even threatened to primary lawmakers who back the plan.

“This massive pork-filled spending bill is exactly why Americans are losing faith in Washington,” Musk posted.

The fallout? Tesla stock slid over 5% in a single day — wiping billions off the EV giant’s market cap.

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Trump and Xi Reignite U.S.-China Trade Talks After 90-Minute Call

In a significant development, U.S. President Donald Trump and Chinese President Xi Jinping engaged in a 90-minute phone call on June 5, 2025, marking their first direct conversation since the intensification of the ongoing trade war. The dialogue, initiated by President Trump, focused almost entirely on trade issues, signaling a potential thaw in the frosty relations between the world’s two largest economies.

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