Key event: Musk and Trump publicly fell out over the 'Big and Beautiful' tax reform bill, leading to a social media spat where Trump threatened to cancel government subsidies for Musk's companies, causing Tesla's market value to evaporate by more than $150 billion in a single day.
Musk: Trump should be impeached
After Trump made comments about Musk, Musk quickly responded on social media, rebutting that 'You are dead wrong, this bill has never been shown to me, and it was rushed through in the dead of night!'
Trump: Musk is crazy
Seemingly in response to Musk's criticism, President Trump subsequently posted on his social media platform, stating that he asked Musk to leave and rescinded Musk's push for the electric vehicle 'mandate', resulting in 'Musk is crazy.'