What Mark Cuban and other billionaires said on Donald Trump-Elon Musk breakup
The public relationship between
and US President
unraveled on Thursday (June 5) following Musk's criticism of a key legislative initiative. The dispute, which escalated rapidly, saw both figures engage in public exchanges, leading to significant financial repercussions for Musk.
Tired of too many ads? go ad free now
The exchange began when Musk, who departed his role at DOGE in May, criticised the Trump Administration's "
Big Beautiful Bill
." Musk labeled the legislation the "Debt Slavery Bill" and the "Big Ugly Spending Bill."
President Trump responded during a White House event, defending the bill and subsequently threatening to cancel government contracts associated with Musk's companies via a post on Truth Social. This led to a decline in
Tesla shares
.
The public dispute between the two prominent figures has since drawn commentary from various business leaders, including
, Bill Ackman,
Vinod Khosla
and others.
Here's what business leaders said about Musk-Trump online spat
Mark Cuban
The former "Shark Tank" star Mark Cuban endorsed Musk's idea of creating a new political party. Cuban reshared Musk's poll on X with three check marks
Bill Ackman
Billionaire Bill Ackman backed both Trump and Musk on X, advising them to "make peace for the benefit of our country."
'We are much stronger together than apart,' he said with Musk responding, 'You're not wrong.'
Paul Graham
Y Combinator cofounder Paul Graham shared his thoughts X, saying, 'A lot of people seem to be treating this as if it were just a beef. But the underlying allegation is a very serious one. If it's true, Trump is surely going to have to resign,' he wrote in a post on X.
Vinod Khosla
Vinond Khosla, who has been a critic of Musk, supported the
Tesla
CEO on his stand on deficit.
Tired of too many ads? go ad free now
'Despite our differences, I admire your speaking up on the deficit!' Notably, Khosla endorsed Kamala Harris and was engaged in verbal spat online with Musk multiple times.
Anthony Scaramucci
Anthony Scaramucci, who has been a critic of Trump, voiced his support for Musk.
'Elon is right about Trump," the former Goldman Sachs investment banker said in an X post.
In a separate post on Friday, Scaramucci said that "Elon lasted 12 Scaramuccis," a tongue-in-cheek reference to his 10-day tenure as White House communications director before Trump fired him.
Shaun Maguire
In an X post, Sequoia partner Shaun Maguire praised Musk for sticking to his guns.
'Elon leaves it all on the field. And he puts what he believes in ahead of himself. How can you not be inspired by that,' he added.
Gary Cohn
According to Gary Cohn, IBM's vice chairman, things could be very different next week, cautioning against overreacting to the situation.
'If we've learned one thing over the Trump administration, this is a few hours, the world could be completely different a week from now.
It's not like the White House is sitting there only worried about the Elon Musk situation,' he said on CNBC.
JBL Tune Beam 2 Review: The TWS Earbuds That Punch Above Their Weight!
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
16 minutes ago
- Mint
Shipping threats rising in Strait of Hormuz, Red Sea, and Gulf of Aden amid escalating Israel-Iran conflict
Shipping organization Bimco has warned that commercial freight ships operating in the Strait of Hormuz, the Red Sea, and Gulf of Aden are under increased threat due to the escalating Israel-Iran conflict. After the US launched a full-fledged attack against Iran's nuclear facilities, things have turned even more serious, with Bimco warning that Iran could use antiship missiles or drones to attack ships in the Strait of Hormuz. Moreover, the threat related to Houthi rebels in Yemen has also risen, owing to the fact that they are loyalists of the Iranian regime, and have also said that they would attack US ships and vessels if the Trump administration joined Israel in the ongoing conflict. The obvious targets for Iran or the Houthi rebels would be US warships, vessels, and the nation's affiliated merchant ships. Israeli merchant ships could also be possible targets amid the ongoing conflict, as per a CNBC report. U.S. warships and merchant ships affiliated with Israel or the U.S. would be the preferred targets for Iran, and freight ships are still crossing the Strait of Hormuz, but 'things might change by the hour,' a spokesman for container ship company Hapag-Lloyd was quoted as telling CNBC.
Time of India
44 minutes ago
- Time of India
'World War 3 Could Be Just Around The Corner,' Russian Fm Lavrov Says
Pakistan Condemns U.S. Strikes On Iran A Day After Nobel Peace Prize Endorsement For Donald Trump A day after recommending President Donald Trump for the 2026 Nobel Peace Prize for his "decisive diplomatic intervention" during last month's India-Pakistan conflict, Pakistan on Sunday "condemned" the US attacks on Iranian nuclear facilities. "We are gravely concerned at the possible further escalation of tensions in the region," Pakistan's foreign ministry said in a statement, hours after the American warplanes and submarines bombed three key nuclear sites in Iran, officially joining Israel's war against the country.#pakistan #trump #nobelpeaceprize #iran #usiran #middleeast #geopolitics #escalation #india #pakistanforeignministry #internationalrelations #nuclearfacilities #warplanes #submarines #israel #diplomacy #peace #conflict #worldnews #currentaffairs #breakingnews #globalpolitics #security #un #crisis #toi #toibharat 43.0K views | 7 hours ago
NDTV
an hour ago
- NDTV
Top Democrats Not Briefed Before US Strikes On Iranian Nuclear Sites: Report
US President Donald Trump ordered airstrikes on three Iranian nuclear facilities on Saturday night, notifying top congressional Republicans, but not Democrats, before the attacks, CNN reported. House Speaker Mike Johnson and Senate Majority Leader John Thune were briefed before the strikes, per GOP sources. Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries were reportedly notified shortly before Trump's public announcement, after the bombs had dropped, as per Politico. Senator Mark Warner and Representative Jim Himes, leaders on the Senate and House Intelligence Committees, respectively - both part of the "Gang of Eight" - were similarly kept in the dark until after the strike. The strikes, which targeted Iran's nuclear facilities in Fordow, Natanz and Isfahan, have sharply divided lawmakers along party lines. Republicans largely supported Trump's decision, praising the action as decisive and necessary. Johnson defended the strikes on X, "Leaders in Congress were aware of the urgency of this situation and the Commander-in-Chief evaluated that the imminent danger outweighed the time it would take for Congress to act. The President fully respects the Article I power of Congress, and tonight's necessary, limited, and targeted strike follows the history and tradition of similar military actions under presidents of both parties". John Thune, Lindsey Graham, Ted Cruz, and several GOP lawmakers also praised the action. Alexandria-based Representative Rick Crawford confirmed he had been in touch with the White House beforehand. Democrats responded with sharp criticism. Senator Warner condemned the strike as reckless, carried out "without consulting Congress, without a clear strategy, and without explaining to the American people what's at stake." He called on the president to immediately appear before Congress to outline his objectives. Senator Tim Kaine, who had introduced a resolution last week requiring Trump to seek congressional approval before any action against Iran, called on his intent to force a Senate vote. "I will push for all Senators to vote on whether they are for this third idiotic Middle East war," he said. Representative Sean Casten of Illinois went as far as to call the action an " impeachable offense," while Independent Senator Bernie Sanders called it " grossly unconstitutional." House Minority Leader Jeffries warned of retaliation against US troops in the region and accused Trump of misleading the country. "Donald Trump promised to bring peace to the Middle East. He has failed to deliver," Jeffries said. "The risk of war has now dramatically increased." Despite the near-unanimous Democratic opposition, Senator John Fetterman of Pennsylvania was the exception. "As I've long maintained, this was the correct move by @POTUS," Fetterman posted on X. "Iran is the world's leading sponsor of terrorism and cannot have nuclear capabilities." The Israel-Iran conflict, now in its 10th day, intensified over the weekend as the United States entered the battlefield. President Trump ordered airstrikes on Iran's nuclear sites at Fordow, Natanz, and Isfahan using B-2 bombers from Guam. He called the mission a "spectacular military success," claiming the facilities were "obliterated." The strikes came just after Israel launched over 150 missiles at Iran's Isfahan site on June 21, its second attack in eight days, reportedly killing scientists and damaging nuclear infrastructure. In response, Iran fired a wave of missiles and drones at Israeli targets, including 27 ballistic missiles aimed at Ben Gurion Airport, some of which breached Israel's famed Iron Dome.
