On Thursday, entrepreneur Elon Musk ignited a political firestorm by publicly claiming that former U.S. President Donald Trump is mentioned in the files related to the Jeffrey Epstein case. Musk suggests this as the reason why these documents remain undisclosed. Using his social media platform X (formerly Twitter), Musk declared, "It's time to drop the truly big bombshell: Donald Trump is in the Epstein files. That's the real reason they haven't been released. Have a great day, DJT. The truth will come out."
The post quickly went viral, coinciding with rising tensions between Musk and Trump after Musk criticized the Republican leader’s new fiscal policies. Trump fired back on his Truth Social platform, threatening to terminate all government contracts and subsidies that benefit Musk and his companies: "The easiest way to save billions in our budget is by canceling Elon’s government subsidies and contracts. I'm surprised Biden didn't do it!" Trump also insinuated that Musk had unfairly benefited from electric vehicle policies and should be thankful for previous political support.
Trump continued with his criticisms, "Elon was 'tanking,' I told him to leave, I removed his Electric Vehicle Mandate that forced everyone to buy electric cars nobody else wanted... and he just went CRAZY!" What was once seen as a mutually beneficial relationship between two of the nation's most influential figures has devolved into open conflict.
Musk, who had actively supported Trump during the 2024 campaign—donating over 250 million dollars and participating in election events—is now distancing himself from the former president with increasingly bold statements. "Without me, Trump would have lost. Democrats would control the House and Republicans would have been 51-49 in the Senate," Musk recently asserted.
Last November, Musk hinted that "If Donald Trump wins, the Epstein list will be made public," referring to the guest list of the late financier who died in prison where he was accused of orchestrating a child sex trafficking ring. Following the exchange of accusations, Tesla's stock plummeted 15% on the New York Stock Exchange on Thursday, amid fears that the federal government might cancel key contracts and subsidies related to the energy transition—a significant economic blow to Musk's empire.
The Epstein case, involving the financier accused of child sex trafficking and found dead in his jail cell in 2019, has been a source of intense controversy and speculation. Although some court documents have been partially unsealed, the full list of individuals involved or mentioned remains confidential. Musk's suggestion that Trump is among those listed could, if verified, have severe political ramifications.
Understanding the Musk-Trump Controversy
What claims did Elon Musk make about Donald Trump?
Elon Musk claimed that Donald Trump appears in the Jeffrey Epstein files, suggesting this as the reason why those documents have not been released to the public.
How did Donald Trump respond to Elon Musk's accusations?
Donald Trump responded by threatening to cut off all government contracts and subsidies that benefit Musk and his companies, criticizing Musk for his stance on electric vehicle policies.
What impact did the Musk-Trump dispute have on Tesla?
The dispute led to a 15% decrease in Tesla's stock value on the New York Stock Exchange, amid concerns that the federal government might withdraw key contracts and subsidies.