Former President Donald Trump continued his war of words against Elon Musk in a post on Truth Social last night:
“When Elon Musk came to the White House asking me for help on all of his many subsidized projects, whether it’s electric cars that don’t drive long enough, driverless cars that crash, or rocketships to nowhere, without which subsidies he’d be worthless, and telling me how he was a big Trump fan and Republican, I could have said, “drop to your knees and beg,” and he would have done it…”
Oh, man, we're really going to do this. What happens the two most volatile social media accounts collide? pic.twitter.com/PK381Uab0H
— Ashlee Vance (@ashleevance) July 12, 2022
But Musk’s reaction is probably not what the former president was hoping for:
Lmaooo
— Elon Musk (@elonmusk) July 12, 2022
And then Musk tweeted out a Gif of old man Grandpa Simpson yelling at a cloud:
— Elon Musk (@elonmusk) July 12, 2022
Oh, but neither of the was done. Trump added:
“…Now Elon should focus on getting himself out of the Twitter mess because he could owe $44 billion for something that’s perhaps worthless. Also, lots of competition for electric cars!”
And Musk tweeted in response, “Oh the irony lol” (we assume in regard to the ongoing SEC and federal investigation of Truth Social):
Oh the irony lol
— Elon Musk (@elonmusk) July 12, 2022
We will also point out that Musk’s “lol” response might be a little premature as he has his own problems to deal with after he backed out of the Twitter deal:
(1/2) One thing that distorts investing is the concept of moral hazard where people feel there's no consequence to risk so they keep taking bigger ones until they blow up. You saw it with banks pre '08; seeing it in meme stocks (AMC to $1000) and you're seeing it with @elonmusk
— Charles Gasparino (@CGasparino) July 13, 2022
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This is Musk’s “Lehman moment” as is he’s going bye-bye?
(2/2) who thinks because he beat short sellers, thumbed his nose regulators re @Tesla he can pull what he pulled on @Twitter. May he can, or maybe this is his Lehman moment. $TWTR complaint in its damning detail suggests it's the latter. more on this today @FoxNews @FoxBusiness
— Charles Gasparino (@CGasparino) July 13, 2022
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