Donald Trump and Elon Musk face escalating tensions after Musk alleged Trump hides in Epstein files to suppress information, a claim David Jones calls baseless. Following Trump's removal of Musk's ally from NASA and subsequent spending cuts in the "big, beautiful bill," hedge fund manager Bill Ackman urged peace, which Musk acknowledged. While Musk threatened to dismantle NASA before retracting via Bloomberg, speculation suggests the feud boosts Tesla sales amidst stock dips. Ultimately, Trump's silence hints at a potential defamation lawsuit, signaling that this high-stakes political clash could redefine corporate influence in Washington. [Automatically generated summary]
Transcriber: CohereLabs/cohere-transcribe-03-2026, Qwen/Qwen3-ForcedAligner-0.6B, sat-12l-sm, and large-v3-turbo
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Elon Goes Nuclear00:09:35
One of the things people think may actually go down, and you know, look, I hope it doesn't come to this.
I hope these guys can fix it.
They can work it out, right?
I'm encouraged.
Bill Ackman, hedge fund guy, brilliant guy, who's been out in quite force for MAGA on Twitter, and he doesn't need to do this, right?
Like the incoming he has taken, I've known him for a lot of years, is sort of surreal, but he's been out there as.
Somebody who's really fighting the good fight, and he put a tweet out yesterday where he said, we are stronger together.
We are stronger with Donald Trump and Elon Musk together, and you know he's so right.
He's so right.
I'm like you keep this up, Bill.
You're gonna have to take over from Marco Rubio.
All right, I think you might get peace in the Middle East, because this is important.
Elon Musk responded to that.
It's like he had a chance to cool off and calm down, and he responded to that with a you're right, Bill.
So he knows we are all stronger in this together, for sure, for sure, for sure.
But this has been brewing.
You see, you know, Donald Trump took the guy that was running NASA and it was like Elon's guy and he took him and he said he's not going to run it anymore.
So that kind of ticked him off in the beginning.
This maybe happened about a week ago.
And then there were just kind of a few other things.
Obviously, the bill.
Elon really wanted a lot of cuts in spending.
And so he's frustrated, for example, with the salt.
thing among other things.
And so, you know, Elon, he's a CEO like Trump is.
And he's not political.
Like he's actually really, really, really, really not political.
He's like, I have a goal.
This is my goal.
This is what I want done.
And Trump is like, I have a goal, but I'm political, right?
Like there's two different kinds of people, but they both have goals and they both want to get something done.
Donald Trump wants the deal to get done.
He wants the big, beautiful bill.
He kind of doesn't, you know, he's not going to get bogged down in the minutia.
And Elon is like, listen, we can't afford this.
We have to get bogged down in the minutia.
So.
There's all this going on in the background.
And then when Elon criticized the bill, that's when things started to kind of unwind.
And so for about 24 hours, Donald Trump held it together beautifully.
He did a great job.
And then, well, somebody asked about it.
This is why Biden didn't do all these press things, right?
And Trump just can't help himself.
He was annoyed.
And I get it.
He's annoyed.
He's like, what happened to Elon?
Elon was my friend.
And now all of a sudden, Elon's knocking me every chance.
Can get on my big beautiful Bill, like what is going on.
And this is what he said to the media.
And the media then ran with that and Elon saw it.
Elon saw it and then you know it was clear this was going to not end well, I mean, Elon went nuclear, like totally nuclear, to the point where now Donald Trump might actually be looking at suing him.
Hey CBS, CBS is nothing.
He's going after the world's richest man, possibly.
Anyway, here are his comments that set Elon off.
Elon and I had a great relationship.
I don't know if we're well anymore.
I was surprised because you were here.
Everybody in this room practically was here as we had a wonderful send off.
He said wonderful things about me.
You couldn't have nicer, he said the best thing.
He's worn the hat.
Trump was right about everything.
And I am right about the great, big, beautiful bill.
We call it a great, big, beautiful bill because that's what it is.
And again, biggest tax cuts in history, biggest economic development moves.
anywhere.
We've never done anything like it.
Never done anything like it, but it's not enough for Elon.
Okay, so not enough for Elon.
Elon's pretty angry and so angry that he actually started tweeting some really, really bad stuff.
Trying to say that the reason you're not going to see anything on the Epstein files is because Donald Trump is somehow in them.
What's interesting is that Donald Trump has not responded to that.
Which has some people thinking he's keeping his powder dry because he's like, right?
Like he is the master of these libel suits.
So he's like, you're libeling me.
You're saying something extremely defamatory.
Now, I get like it's hard.
The bar is really high when it comes to defaming a public figure, even the president.
But that's a pretty big, you know, thing to say.
And if they actually wind up in a lawsuit, gosh, we're going to have some discovery, aren't we guys?
Well, that'll be interesting.
What did Elon know?
How did he know it?
You know, is it true?
Is it not true?
all of that.
I will point to this.
Epstein's lawyer actually saying there's no way in H-E-L-L that's true.
No way.
This is David Jones saying, I was hired to lead Jeffrey Epstein's defense as his criminal lawyer nine days before he died.
He sought my advice for months before that.
I can say authoritatively, unequivocally, and definitely that he had no information to hurt President Trump.
I specifically asked him.
Huh.
So.
Does that mean that Elon's just spouting off like getting all emotional?
He's kind of emotional.
He said he wasn't going to continue with his NASA spacecraft.
He's going to, what are you going to leave the NASA astronauts like stranded in space?
That's what he started to say because, you know, Trump was a little emotional and Trump said, well, we're going to cut off all that spending, etc.
So Elon responded saying, yeah, you want to do that?
Well, guess what?
We'll just completely dismantle our space program.
Yeah.
Well, He kind of walked that back.
Let me show you.
Here's the article that came out yesterday afternoon from Bloomberg where he did walk that back, which is good, right?
You don't want to be dismantling the entire space program for the United States of America because you're having a little spat.
So that was one sort of, I think, olive branch that was put forward.
The other olive branch would be what I told you about the Bill Ackman tweet.
That was kind of a big deal, too.
I actually sent this out to some friends and I said, peace is coming.
Let's see.
Here is bill Ackman saying, I support Donald Trump and Elon Musk, and they should make peace for the benefit of our great country.
We are much stronger together than we are apart.
And Elon wrote, You're not wrong.
Okay, so between this, between him softening on SpaceX Dragon, you know, I see an opportunity here.
Meanwhile, you got Mike Johnson, who like is really stepping up to the plate.
He says he's going to fix it all.
Mike Johnson is on the case.
He said he was calling Elon.
and he was going to fix all this and everything was going to be okay.
So Mike Johnson, you do your thing.
I hope you can get there.
And, you know, I think it's all going to blow over.
In terms of the lawsuit, you know, what Elon said was pretty bad.
You know, he said that you're not going to see these Epstein tapes because Trump is in them.
I mean, that was a heck of an allegation to make, a heck of a thing to say.
And I would just say, like, logically speaking, if he was, you don't think the Democrats would have used that?
I mean, Letitia must be salivating.
Letitia's like, oh my gosh, we got to go find that.
The FBI was in New York, right?
The FBI would have been able to handle all of it.
But I do think he just kind of had a moment.
And he lost it.
There was a funny, funny, funny meme that went out where, you know, well, some people are saying, hey, maybe this was all orchestrated, right?
Just orchestrated because his business was suffering so bad.
And so now finally all those people that could not drive their Tesla for fear that they were going to get attacked, now they get a shot at driving it again.
Let me see if I can find this one for you because this was terrific.
Some meme that just went out or it was, you know, people were having fun.
Oh, well, here's a great one.
Did you see this?
Mark Zuckerberg.
This is Autism Capital putting out, your name is Elon now, right?
We're going to have to expand our circle of friends in light of everything.
And then there was this one, which I loved.
Here we go, guys.
Bought it before Elon went crazy.
See this?
I'm going to leave this up here so you can see.
So, you know, people were putting like stickers over their Tesla thing.
And yeah, this is now Donald Trump's and bought it.
before Elon went crazy.
He did get a little out there.
I mean, the tweets were wild.
We were live on the air.
We were watching the stock tank, right, in real time.
And Tall's writing, you know what?
Boys will be boys.
It's funny.
Some of you think maybe it's all deliberate.
Maybe this was just a way for him to win back customers because, you know, he'd alienated half the country.
I think when it's all said and done, what you'll see is that some people had some very strong emotions.
They were running very high.
And It'll all be okay in the end.
Stocks Soaring Higher00:01:30
But, you know, maybe Trump will keep his powder dry.
Maybe he'll decide to sue.
I don't know.
I think this is impressive what the Epstein lawyer said, though, that there's no there there.
So good luck with that one.
Reminder we've got markets that are higher right now.
I do believe that there's a lot of Trump optimism out there.
I encourage you to go look at 76 Research, maybe over the weekend.
It's a good weekend activity, right?
Go look at 76research.com.
Use code Word Dollar.
You heard what the president said.
Amazing what a rising market will do.
Oh, it's going to get a lot higher.
In fact, I told people five weeks ago, it's a great time to buy.
I got criticized for that.
Now they don't criticize me anymore.
People should have listened, but it's going to go a lot higher.
Let's hope it does.
Let's hope it does.
Certainly, our stocks have been going a whole lot higher in our portfolios.
We do not manage your money.
I should mention that.
These are all our recommendations, our research.
So get the research.
Sign up for one of the portfolios if you can do that.
But if nothing else, at least get for a dollar a month, a dollar a month, you guys.
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It goes to $9.95, $9.95 after the first two months.
But there's a lot of good stuff in there.
And thank you.
Thank you for being here.
Thank you for making this such a special place.
I may be back with you tomorrow.
We'll see.
You know, we're going to keep rising in the charts, right?
I'm excited.
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