Elon Musk may soon learn what happens when Dogecoin turns on its biggest champion.
The billionaire behind SpaceX, Tesla, and X — once a vocal supporter of President Donald Trump — is now facing potential financial fallout after reigniting the feud that caused their highly public split last month.
Musk’s fresh criticism of Trump’s recently passed tax cut and spending bill, which cleared the Senate on Tuesday, could endanger billions in federal contracts tied to his companies if Trump decides to strike back. Their fragile truce has now collapsed, shaking investor confidence and sending one of Musk’s key companies’ stock prices into a dip. Trump has even reportedly joked about deporting Musk back to South Africa amid the escalating tensions.