Billionaire Bill Ackman and artist Kanye West are stepping up to mend the rift between Donald Trump and Elon Musk, urging the former allies to reconcile for the nation’s good.
At a Glance
- Bill Ackman and Kanye West push for peace between Trump and Musk after tax bill dispute.
- Musk criticized Trump’s fiscal policies, triggering a public feud.
- Trump retaliated with threats and character attacks.
- Ackman and West believe reconciliation benefits the country.
The Origins of the Feud
The conflict between Donald Trump and Elon Musk erupted when Musk labeled Trump’s tax bill as a “disgusting abomination” on social media. Musk’s sharp words irritated the former president, who dismissed the criticisms as “Trump Derangement Syndrome.” This disagreement over fiscal policy sparked a public feud, with Trump contemplating the revocation of Musk’s government contracts.
Musk further strained the relationship by implying his support was instrumental in Trump’s electoral success, a suggestion that didn’t sit well with Trump. In retaliation, Trump accused Musk of hypocrisy for not supporting cuts to electric vehicle mandates, damaging previously strong bonds.
Calls for Reconciliation
Bill Ackman and Kanye West emerged as unlikely peacemakers in this political saga. Ackman, a known Trump supporter, and West, speaking from the heart, see the value of unity between the two influential figures. Ackman implored, “I support @realDonaldTrump and @elonmusk and they should make peace for the benefit of our great country. We are much stronger together than apart.”
“I support @realDonaldTrump and @elonmusk and they should make peace for the benefit of our great country. We are much stronger together than apart.” – Bill Ackman.
Despite the animosity, Musk’s brief but positive response, “You’re not wrong,” hinted at a potential thawing, though no planned engagement has been confirmed.
Economic and Political Stakes
The public feud has not only personal but economic repercussions for Musk and his ventures. Tesla shares took a nosedive, dropping 14.26% in a day amid political volatility, and have decreased 18.8% year-to-date, hampering Musk’s net worth. Musk’s political maneuvers have further complicated matters, causing concern over potential brand damage.
“Without me, Trump would have lost the election, Dems would control the House, and the Republicans would be 51-49 in the Senate. Such ingratitude.” – Elon Musk.
Amid the controversy, economist Peter Schiff praised Musk’s stance against what he perceives as Republican spending hypocrisy. However, the dispute created waves in political and business arenas, affecting market confidence.
