Trump says Musk has ‘lost his mind’ as feud fallout mounts

WASHINGTON – US President Donald Trump said on June 6 that Mr Elon Musk had “lost his mind” but insisted he wanted to move on from the fiery split with his billionaire former ally.

The blistering public break-up between the world’s richest person and the world’s most powerful is fraught with political and economic risks all round.

Mr Trump had scrapped the idea of a call with Mr Musk and was even thinking of ditching the red Tesla he bought at the height of their bromance, White House officials told AFP.

But Mr Trump told US broadcasters that he now wanted to focus instead on

passing his “big, beautiful” mega-Bill

– Mr Musk’s harsh criticism of which had sparked their break-up.

But the 78-year-old Republican could not stop himself from taking aim at his South African-born friend-turned-enemy.

“You mean the man who has lost his mind?” Mr Trump said in a call with ABC when asked about Mr Musk, adding that he was “not particularly” interested in talking to the tycoon.

Mr Trump later told Fox News that Mr Musk had “lost it,” while CNN quoted the president as saying: “I’m not even thinking about Elon....The poor guy’s got a problem.”

Just a week ago Mr Trump gave Musk a glowing send-off as he left his cost-cutting role at the so-called Department of Government Efficiency (Doge) after four months working there.

‘Very disappointed’

But while there had been reports of tensions, the sheer speed at which their relationship imploded stunned Washington.

After Mr Musk called Mr Trump’s spending Bill an “abomination” on June 3, Mr Trump hit back in an Oval Office diatribe on June 5 in which he said he was “very disappointed” by the tycoon.

Mr Trump’s spending Bill faces a difficult path through Congress as it will raise the US deficit, while critics say it will cut health care for millions of the poorest Americans.

The row then went nuclear, with Mr Musk slinging insults at Mr Trump and accusing him without evidence of being in government files on disgraced financier and sex offender Jeffrey Epstein.

Mr Trump hit back with the power of the US government behind him, saying he could cancel the Space X boss’s multi-billion-dollar rocket and satellite contracts.

The right-wing tech baron apparently tried to deescalate.

Mr Musk rowed back on a threat to scrap his company’s Dragon spacecraft – vital for ferrying Nasa astronauts to and from the International Space Station.

And on June 6 the usually garrulous poster kept a low social media profile on his X social network.

But the White House denied reports that they would talk.

“The president does not intend to speak to Musk today,” a senior White House official told AFP. A second official said Musk had requested a call.

Tesla giveaway?

Tesla stocks tanked more than 14 per cent on June 5 amid the row, losing some US$100 billion (S$129 billion) of the company’s market value, but recovering partly on June 6.

Mr Trump is now considering either selling or giving away the cherry red Tesla S that he announced he had bought from Mr Musk’s firm in March.

The electric vehicle was still parked on the White House grounds on June 6. “He’s thinking about it, yes,” a senior White House official told AFP when asked if Mr Trump would sell or give it away.

Mr Trump and Mr Musk had posed inside the car at a bizarre event in March, when the president turned the White House into a pop-up Tesla showroom after viral protests against Mr Musk’s Doge role.

But while Mr Trump appeared to have many of the cards in their row, Mr Musk also has some to play.

His wealth allowed him to be Mr Trump’s biggest donor to his 2024 campaign, to the tune of nearly US$300 million. Any further support for the 2026 midterms now appears in doubt – while Mr Musk could also use his money to undermine Mr Trump’s support on the right. AFP