elon musk latest news

As of June 6, 2025, Elon Musk finds himself at the forefront of several significant developments across politics, space exploration, and the automotive sector.

Political Fallout with President Trump

Elon Musk's association with President Donald Trump has notably soured. Once regarded as a close advisor and the head of the Department of Government Efficiency (DOGE), Musk has openly criticized Trump's proposed $4 trillion tax and spending bill, denouncing it as a "disgusting abomination" and cautioning that it could "bankrupt America." In retaliation, President Trump has suggested the possibility of terminating government contracts and subsidies for Musk's enterprises, including SpaceX and Tesla. This conflict has raised alarms regarding potential regulatory repercussions for Musk's businesses.

SpaceX's Dragon Spacecraft Decommissioned

In the midst of these political strains, Musk has declared that SpaceX will retire its Dragon spacecraft, which has played a crucial role in ferrying astronauts to the International Space Station (ISS). This choice follows President Trump's threats to withdraw federal contracts with Musk's companies. NASA, which heavily depends on the Dragon capsule for ISS missions, has reiterated its commitment to working with industry partners to achieve space goals.

Tesla's Market Turbulence

Tesla's stock has faced considerable fluctuations, recently dropping nearly 9% amid the intensifying dispute between Musk and President Trump. The proposed tax legislation includes measures that would eliminate electric vehicle tax credits, which could adversely affect Tesla's sales. Furthermore, internal reports indicate that Tesla executives expressed concern when Musk denied canceling the company's expected $25,000 electric vehicle project, despite contrary evidence.

Robotaxi Launch in Austin

On a more positive note, Tesla is poised to commence testing its long-anticipated robotaxi service in Austin, Texas, by the end of June. This initiative represents a significant advancement toward Musk's vision of autonomous transportation and may help mitigate some of the recent obstacles encountered by Tesla.