00:00It's Benzinga bringing Wall Street to Main Street.
00:02The once-friendly relationship between Trump and Elon Musk has erupted into a high-stakes feud
00:06with billionaires, lawmakers, and investors closely watching the fallout, according to CNBC.
00:11Billionaire Bill Ackman urged Trump and Musk to end their feud,
00:14calling for peace for the benefit of our country in a post on X.
00:18Steve Bannon called on the president to seize SpaceX under the Defense Production Act,
00:22provoke Elon Musk's security clearance, and suspend federal contracts pending an investigation.
00:26Billionaire Mark Cuban appeared to support Elon Musk's proposal to form a new political party
00:31representing the moderate majority.
00:33Wall Street sold off Tesla shares, causing a 14% drop and raising $152 billion in market value.
00:40Dan Ives of Wedbush called the feud a shock to the market.
00:43Wedbush remains bullish on the stock, the lives of knowledge,
00:46and it complicates expectations under a Trump administration.
00:49For all things money, visit Benzinga.com slash GSTV.
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