Try GOLD - Free
Trump warns Musk of 'serious consequences' if he backs Democrats
Mint Ahmedabad
|June 09, 2025
Musk deletes social-media posts that sought to connect the president to disgraced financier Jeffrey Epstein
President Trump warned former right-hand-man Elon Musk to stay out of the midterm elections, threatening "very serious consequences" if he backed Democrats in the campaign.
Musk, who crossed Trump by staunchly opposing his "big, beautiful" tax-and-spending bill over deficit concerns, said last week that anyone who votes for this bill should be fired.
Some Democrats have suggested that they try to win Musk over to their side, despite his being villainized by the party for his sweeping cuts to government staff. The billionaire spent about $300 million backing Trump and Republican candidates in the 2024 elections.
Asked by NBC News on Saturday if Trump was concerned that Musk could start funding Democratic candidates, Trump said "he'll have to pay very serious consequences if he does that," but declined to provide specifics.
In the NBC interview Trump said he had "no reason to" repair his relationship with Musk, after their breakup played out in real time on Thursday. Asked whether his relationship with the billionaire businessman was over, Trump said, "I would assume so."
Musk deleted social-media posts in which he attempted to connect the president with convicted sex-offender Jeffrey Epstein. As the men's relationship imploded on Thursday, Musk wrote on X that Trump's name appeared in documents stemming from a federal investigation of Epstein, insinuating that he was in some way linked to the late disgraced financier's criminal behavior.
On Friday, Musk wrote, "I will apologize profusely as soon as there is a full dump of the Epstein files." Both posts have been removed from Musk's X feed.
This story is from the June 09, 2025 edition of Mint Ahmedabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Ahmedabad
Mint Ahmedabad
Trump's bets on China and Argentina are souring fast
When it comes to US foreign economic polic policy, President Donald Trump’s administration has two problems on its hands.
3 mins
November 18, 2025
Mint Ahmedabad
Centre mulls cut in PLI auto sops to ₹2,000 cr for FY26
Scheme has faced challenges including localization requirements and delays in disbursal
2 mins
November 18, 2025
Mint Ahmedabad
SGX to list Bitcoin, Ether perpetual futures on 24 Nov
Traders in SGX's perpetual futures won't automatically get liquidated if a sudden market shift upsets their positions.
2 mins
November 18, 2025
Mint Ahmedabad
Do pre-IPO gains get long-term tax status?
I live in Australia and I own shares in a Indian company which got recently listed. I invested about 1.5 years back when it was not listed. When I sell the shares now, will it be considered as shortor long-term gains? —Name withheld on request
1 mins
November 18, 2025
Mint Ahmedabad
OTTs chase regional content with higher spends but viewership trails
Platforms need carefully considers content strategies to ensure they are meeting the needs but viewership trails
1 mins
November 18, 2025
Mint Ahmedabad
India's music stardom has moved from film sets to feeds
A few verses, a guitar, and an Instagram Reel were enough to catapult Anumita Nadesan into the national spotlight.
2 mins
November 18, 2025
Mint Ahmedabad
A. Vellayan, known for visionary bets, passes away at 72
His friends and peers called Arunachalam Vellayan (72), former chairman of Murugappa group who passed away in Chennaion Monday, a man with a high level of business acumen and an ability to see the future.
1 mins
November 18, 2025
Mint Ahmedabad
Sebi has started review of listing, disclosure norms
The Securities and Exchange Board of India (Sebi) has begun work on a review of the Listing Obligations and Disclosure Requirements (LODR), its chairperson Tuhin Kanta Pandey said, setting the stage for what could be one of the regulator's most significant cleanups of corporate disclosure rules in recent years.
1 mins
November 18, 2025
Mint Ahmedabad
INSIDE AP'S NEW MANTRA: 'SPEED OF DOING BUSINESS'
Nara Lokesh is facing off against rival states and historical financial strain. Can he repeat his father's legacy?
9 mins
November 18, 2025
Mint Ahmedabad
Marico’s margin on slippery slope despite healthy demand
The Marico Ltd stock hit a new 52-week high of ₹764.65 on the NSE on Monday after its consolidated revenue surged 31% year-on-year to ₹3,482 crore in the September quarter (Q2FY26), led by broad-based growth across product categories.
1 mins
November 18, 2025
Listen
Translate
Change font size