Mohammed bin Rashid Congratulates the Arab and Islamic Nations on Eid al-Adha

In a sign of the deteriorating relationship between Donald Trump and Elon Musk, the U.S. President is contemplating the sale or donation of the red Tesla he purchased to express his support for the billionaire during protests against the company.

This electric vehicle, which remains parked in the White House yard, witnessed a rather unusual event in March, during which Trump turned the White House into a Tesla exhibit, symbolizing the peak of their relationship.

In response to inquiries about the possibility of selling or giving away the car, a senior White House official confirmed, “Yes, President Donald Trump is considering that.”

A significant dispute has erupted between Trump and Musk, with both exchanging insults and accusations. Trump labeled Musk as “crazy” and threatened to terminate his government contracts.

On Thursday, in the Oval Office, the American President expressed his “great disappointment” in Musk for criticizing a tax bill he had signed, suggesting that Musk was defending his business interests.

In a subsequent post on his social media platform, Trump remarked that Musk, disgruntled by the tax legislation currently before the Senate that could increase the U.S. deficit, was “draining his energy” and had “asked him to leave” the government.

Additionally, the head of Tesla claimed that the President, who received over $250 million in support during last year’s presidential campaign, was lying about the motives behind his opposition to the administration’s new spending proposals.

Trump had asserted that Musk disapproved of the “big beautiful bill” because it would eliminate policies that restrict Tesla.

Don't miss

Why Branded Residences Are Reshaping Dubai’s Luxury Property Market

Discover why Bugatti, Armani, and Cavalli branded residences are transforming Dubai's luxury off-plan market and what it means for investors and rental yields.

UAE Equities Decline as Regional Tensions Shake Investor Confidence

UAE stock markets closed lower as Middle East tensions dampened investor sentiment, while strong bank earnings and rising oil prices offered limited support.

Dubai rewards residents for inviting more tourists to the city

Dubai has unveiled A Dubai Invite, rewarding residents who encourage overseas friends and relatives to visit the emirate through a new referral programme.

Dubai expands Gold Line to redefine urban transport

Dubai is moving forward with its Dh34bn Gold Line metro project, expanding public transport, improving connectivity and supporting long-term urban growth.

Majority of Investors Forecast Further Growth for Dubai’s Property Market in 2026

Most investors expect Dubai property prices and transaction volumes to rise in 2026 as confidence remains strong across luxury, ready, and off-plan real estate markets.

UAE Begins Nationwide Rollout of Jaywan Payment Cards Through Local Banks

The UAE has launched Jaywan, its first national payment card network, enabling local banks to issue debit and prepaid cards while expanding secure digital payments.

Dubai Property Sales Reach $78 Billion in Record First Half of 2026

Dubai recorded $78 billion in property sales during H1 2026 as luxury residences, branded developments and strong investor demand continued to drive the real estate market.

Dubai Property Market Shows Resilience Despite Regional Tensions

Dubai's residential market recorded AED 225.7 billion in H1 2026 transactions as strong investor demand, population growth and Golden Visa reforms supported continued growth.

Indian Buyers Lead Dubai’s International Property Market in 2026

Indian investors led foreign property purchases in Dubai in 2026, accounting for over 20% of transactions as global demand for UAE real estate remained strong.

US States Move to Block Paramount–Warner Bros. Merger

A coalition of 12 US states has asked a court to block Paramount's proposed acquisition of Warner Bros., citing concerns over competition in the media industry.

Similar publications

Why Branded Residences Are Reshaping Dubai’s Luxury Property Market

Discover why Bugatti, Armani, and Cavalli branded residences are transforming Dubai's luxury off-plan market and what it means for investors and rental yields.

UAE Equities Decline as Regional Tensions Shake Investor Confidence

UAE stock markets closed lower as Middle East tensions dampened investor sentiment, while strong bank earnings and rising oil prices offered limited support.

Dubai rewards residents for inviting more tourists to the city

Dubai has unveiled A Dubai Invite, rewarding residents who encourage overseas friends and relatives to visit the emirate through a new referral programme.