Core Viewpoint - The ongoing feud between President Trump and Tesla CEO Elon Musk has created significant market volatility, unsettling investors and impacting Tesla's stock performance [1][4]. Government Support at Risk - Trump expressed disappointment in Musk, questioning his motives regarding the economic bill, and suggested potential revocation of federal subsidies and contracts benefiting Musk's companies, including Tesla and SpaceX [2][3]. - Musk responded by considering decommissioning SpaceX's Dragon spacecraft and endorsing Trump's impeachment, marking a shift from his previous supportive stance [3]. Market Reactions - The feud has added volatility to markets already facing global trade concerns and mixed economic data, leading to a downturn in investor sentiment [4]. - Tesla shares fell by 14.3% on June 5, 2025, amid the escalating conflict [6]. ETF Performance - Despite the political drama, certain exchange-traded funds (ETFs) showed gains on June 5: - T-REX 2X Inverse Tesla Daily Target ETF (TSLZ) increased by 30% - Tradr 2X Short TSLA Daily ETF (TSLQ) rose by 29.5% [6]. - Inverse leveraged ETFs related to cryptocurrency also saw gains, with Defiance Daily Target 2X Short SMCI ETF (SMCZ) and GraniteShares 1x Short COIN Daily ETF (CONI) both up by 12.4% [7]. Sector Highlights - Silver prices surged by 6.9%, driven by industrial demand and the AI boom, which is expected to further increase prices due to the metal's use in high-performance GPUs [8]. - South Korean stocks rose by 6.3%, primarily due to a 50.9% year-over-year increase in semiconductor exports, indicating strong global demand for memory chips [10]. - Leveraged semiconductor ETFs, such as GraniteShares 2x Long MU Daily ETF (MULL), gained 6.7% following Mizuho's raised price target on Micron (MU) stock, driven by growing sales of high-bandwidth memory for AI applications [11].