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What is the nature of the feud between Musk and Trump?
The feud between Elon Musk and Donald Trump began after Musk left the Trump administration, leading to a series of public insults exchanged between the two. This conflict has escalated recently, particularly as Musk's companies face critical challenges, including Tesla's self-driving car plans and SpaceX's government contracts.
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How could this affect Tesla's self-driving plans?
The feud poses a risk to Tesla's self-driving car initiatives, especially as the company prepares for a crucial test of its robotaxis in Austin, Texas. Analysts suggest that Musk's reliance on government support makes Tesla vulnerable, and any fallout from the feud could hinder progress in autonomous vehicle technology.
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What are the potential impacts on SpaceX's contracts?
SpaceX's contracts with NASA and other government entities could be jeopardized due to the ongoing feud. Analysts estimate that if Trump were to cancel these contracts, Musk's companies could face a staggering loss of up to $68 billion in income, significantly affecting SpaceX's operations and future projects.
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What are the latest developments in this ongoing conflict?
Recent developments indicate that the feud is intensifying, with Musk's financial situation also taking a hit—his fortune has reportedly decreased by $26.6 billion amid the conflict. As both figures continue to exchange barbs, the implications for Tesla and SpaceX remain a hot topic in the news.
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How does this feud impact Musk's advertising revenue for X?
The feud could also affect Musk's advertising revenue for X, the platform formerly known as Twitter. As tensions rise, advertisers may reconsider their partnerships, which could lead to a decline in revenue for Musk's ventures, further complicating the financial landscape for his companies.