00:00The once-friendly relationship between U.S. President Donald Trump and SpaceX and Tesla
00:05CEO Elon Musk appears to have suffered a sudden catastrophic failure.
00:10The two former political allies each took to social media to express grievances and
00:14trade personal insults.
00:16Musk argued that Trump would have lost the 2024 U.S. presidential election if not for
00:21his help.
00:22He also alleged that Trump's name was in the personal files of convicted child sex offender
00:26Jeffrey Epstein.
00:27In response, Trump has threatened to take away billions of U.S. dollars in government
00:32contracts and subsidies from SpaceX and Tesla.
00:35Over on Wall Street, shares of Tesla ended the trading day, down more than 14%, wiping
00:41out about $150 billion U.S. dollars in market value.
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