Elon Musk said Donald Trump appears in files relating to the disgraced paedophile financier Jeffrey Epstein as their dramatic falling-out exploded in public view.
The Tesla boss gave no evidence for the claim that came after the US President said he is “disappointed” with Musk for publicly criticising his signature tax and spending bill.
In a post on his on his social platform X, the billionaire said: “@realDonaldTrump is in the Epstein files. That is the real reason they have not been made public.”
The Space X boss made the claim as he announced that it was “time to drop a really big bomb”. “Have a nice day, DJT!” he added.
Time to drop the really big bomb:@realDonaldTrump is in the Epstein files. That is the real reason they have not been made public.
— Elon Musk (@elonmusk) June 5, 2025
Have a nice day, DJT!
Mounting tensions between the two reached breaking point after Trump suggested his former adviser Mr Musk is missing government and has “Trump derangement syndrome”.
Shares in Mr Musk’s electric car firm Tesla plunged around 14 per cent as the sniping continued. Investors in the company watched in horror as it lost its $1 trillion (£740bn) valuation with a reported $150 million wiped off the company’s value since their row began.
Mr Musk later said of Trump’s flagship policy: “The Trump tariffs will cause a recession in the second half of this year” as the attacks showed no sign of abating.
The “Epstein files” is a reference to Justice Department records concerning the late convicted sex offender who allegedly procured underage girls for sex for a string of famous names.
Epstein killed himself in his jail cell in August 2019 while awaiting trial on charges of sex trafficking minors.
The files have recently been brought to public attention after the Trump administration pledged to release them for public viewing to debunk conspiracy theorists over his death.
But an initial release of information in February, the full release was delayed, with Karoline Leavitt, the White House press secretary, stating in May that there is no “specific timeline” for their publication.
The spat between Mr Musk and Trump exploded on Thursday when the world’s richest billionaire posted on X, formerly Twitter, to claim the US President would have lost the election without him, adding: “Such ingratitude”.
Trump hit back on his own Truth Social platform, accusing Mr Musk of going “CRAZY”.
Earlier during an Oval Office meeting with the new German chancellor, Trump said of Mr Musk’s criticism: “I’m very disappointed in Elon. I’ve helped Elon a lot.”
He then threatened to cut Mr Musk’s government contracts as the spectacular blow-up between the pair erupted in public.
The president and the world’s richest man, nicknamed the “First Buddy” during his former key role in the Trump administration, were close friends and allies. Mr Musk said in February he loved the commander-in-chief “as much as a straight man can love another man”.
It is less than a week since they appeared together at the White House and Trump thanked Mr Musk for his brief time leading his department of government efficiency, known as Doge.
But on Thursday the president warned he could use the US government to hurt Mr Musk’s bottom line with his internet company Starlink and rocket firm SpaceX in the line of sight.
“The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts,” Trump wrote on his social media network.
“I was always surprised that Biden didn’t do it!”
“This just gets better and better,” Mr Musk quickly replied on X. “Go ahead, make my day.”
Mr Musk said that following Trump’s threats he would begin decommissioning SpaceX’s Dragon spacecraft. Dragon is the only US spacecraft capable of sending astronauts to the International Space Station.
Mr Musk later backed off from the threat.
Tesla shares closed down over 14% on Thursday, losing about $150 billion in market value in the largest single-day decline in value in its history.
Minutes after the closing bell, Mr Musk replied, “Yes,” to a post on X saying Trump should be impeached.
The friendship began to publicly unravel on June 3 when Musk attacked Trump’s sweeping tax-cut and spending bill.
"I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it”, Musk wrote on X.
Trump appeared to anticipate their falling-out was going to escalate when he spoke from the Oval Office earlier on Thursday.
"Look, Elon and I had a great relationship. I don't know if we will anymore," he said. “He said the most beautiful things about me, and he hasn't said bad about me personally, but I'm sure that'll be next.”
The White House was yet to comment on Musk’s claims about the Epstein files on Thursday evening.
