Web Analytics
Coinpaprika
2025-06-07 18:16:44

Tech Titans Clash: Allies Push Trump and Musk to Reconcile

Tensions between Donald Trump and Elon Musk have rattled both political and tech circles , prompting high-profile allies to urge reconciliation. Their split—reportedly triggered by disagreements over Trump’s tax policies—has cast a shadow over the White House’s agenda and the fragile partnership between Washington and Silicon Valley. Senator Ted Cruz, present during a fiery Oval Office moment, voiced regret and encouraged both sides to “make up.” Musk, who had attacked Trump earlier in the week, appeared open to peace talks, reacting positively to hedge fund manager Bill Ackman’s call for unity. Trump, however, played down the conflict on CNN, suggesting he was no longer thinking about Musk but wished him well. The fallout came as the president promoted his economic record and called on the Federal Reserve to lower interest rates following underwhelming job data. Behind the scenes, prominent tech leaders are scrambling to contain the damage. One Republican donor said Musk is avoiding calls—even from investors with billions tied to his companies. The situation worsened after Trump reportedly decided to offload his Tesla vehicle and dismissed rumors of a reconciliatory call with Musk. Billionaire Tim Draper, an investor in Tesla and SpaceX, urged both men to revive a joint government efficiency initiative once praised in tech circles. Yet frustrations over Trump’s tax bill had already been bubbling. Critics in the tech sector argue it threatens social programs while piling on national debt, leaving many disillusioned. The political split may also jeopardize the roles of Musk allies in government. Jared Isaacman’s removal from a NASA nomination sparked concerns about a broader purge. Others potentially at risk include crypto and AI advisor David Sacks, policy aide Sriram Krishnan, and Michael Grimes from the Commerce Department. Sacks, known for his vocal presence on social media, has gone silent. As the dust settles, some predict a Musk comeback. “He’ll be back, but more cautious,” said crypto figure Ryan Selkis. Others like Delian Asparouhov see no signs of de-escalation and warn of tougher times ahead for companies tied to Musk’s ventures. While some feel Silicon Valley may have been used for political gain, others believe this breakup might simply make room for a new generation of tech leaders in Washington. As one investor summed it up, “This isn’t the end of tech’s influence—just a shift in who represents it.”

Ricevi la newsletter di Crypto
Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta