Musk and Trump, ostensibly political allies over cuts to federal spending, publicly clashed on June 5 in a series of exchanges across social media and in comments to reporters. The origin of the dispute is the impact Trump's One Big Beautiful Bill has on U.S. public debt.

President Donald Trump and Elon Musk are fighting over EV credits, a NASA hire and the tax bill. Now the war of words is hitting Tesla shareholders.

Do not doubt, do not second-guess and don’t ever challenge the president of the United States," Speaker Mike Johnson said.