Trump Media & Technology Group DJT Sees $247 Million Trading Day Amid Feud with Elon Musk

On June 5, 2025, Trump Media & Technology Group (DJT) experienced a significant trading day with a volume of $247 million, marking a 42.56% increase from the previous day. However, the stock price of DJT declined by 8.04%.

President Donald Trump and Elon Musk, the CEO of Tesla, have engaged in a public feud over a Republican spending bill. Trump suggested terminating Musk's government subsidies and contracts as a cost-saving measure, intensifying their dispute. Musk, who has criticized the bill for increasing federal deficits, accused Trump of being involved in the Jeffrey Epstein case, alleging that Trump's name appeared in related files. Trump responded by defending the bill and expressing disappointment in Musk's criticism.

Musk has been vocal about his opposition to the bill, describing it as a "disgusting abomination" and claiming that it does not include policies he supports. He also suggested that Trump would have lost the election without his support. Trump, in turn, accused Musk of ingratitude and claimed that he had asked Musk to leave his administration. The feud has raised questions about the unity of Republicans around the bill, but GOP leaders in Congress have continued to push forward with the legislation.