On Tuesday, Musk posted on X, the social network he owns: “I regret some of my posts about President @realDonaldTrump last week.
They went too far.” Asked whether he could reconcile with Musk, Trump said: “I guess I could” in an interview published on Wednesday by the New York Post.
Trump had responded to Musk’s barrage of criticism by saying the tech billionaire “went crazy”.
Trump also threatened another of Musk’s key businesses, the rocket company SpaceX.
Musk at first threatened to decommission SpaceX’s Dragon spacecraft, the key vehicle to transport Nasa astronauts to the International Space Station, before withdrawing the threat.
Elon Musk has reportedly tried to back down from a fiery fallout that threatened to harm the Tesla CEO’s business interests by apologizing for some of his tweets about Donald Trump from last week.
Musk was by far the largest contributor to Trump’s campaign, but tensions between the two quickly became apparent last week when the richest man in the world called for the president’s impeachment and made fun of his ties to sexual offender Jeffrey Epstein in a series of posts.
Musk apologized for some of his posts about President @realDonaldTrump last week on Tuesday on X, the social media platform he owns. They overshot. “.”.
In an interview with the New York Post that was released on Wednesday, Trump responded, “I guess I could,” when asked if he could make amends with Musk. Although Musk claimed to have “no hard feelings for it,” the president stated that he “was not a happy camper” when he started his tirade. “I think he feels very badly, that he said that,” he added. “”.
Investors seemed to warm to the prospect of a rapprochement, however fleeting. During pre-market trading, Tesla’s share price increased by 20.6 percent.
One of the most remarkable developments in the two men’s relationship was the public feud. They claimed to be ideological allies during the presidential campaign, and Musk briefly worked for Trump as the head of the “department of government efficiency,” which was tasked with cutting government programs known as “Doge” after the internet meme. Experts contend that the cost-cutting measures are unlawful.
Relations swiftly deteriorated, though, after Musk publicly criticized Trump’s “big beautiful bill,” calling it a “disgusting abomination” and claiming it would increase US government borrowing by $2 trillion.
Trump claimed that Musk “went crazy” in response to the tech billionaire’s torrent of criticism. To emphasize the possible financial risks of the dispute, the president did, however, also directly mention Musk’s businesses.
Trump posted on his own social media platform, Truth Social, a direct allusion to Tesla: “I removed his EV mandate that compelled everyone to purchase electric cars that no one else desired. Analysts claim that Musk’s loyalty to Trump is partly to blame for the electric vehicle pioneer’s declining sales in some markets, including a large portion of Europe.
Musk’s support for the US president caused Tesla’s market value to soar as investors hoped the White House would take a more positive view of the company’s autonomous driving technology. A day prior to Tesla’s debut of a “robotaxi” service in Austin, Texas, Musk withdrew from the conflict. The company views that launch as essential to defending its status as the most valuable automaker in the world, despite its struggles with an aging product lineup.
Additionally, Musk’s rocket company SpaceX was threatened by Trump. Ending Elon’s government contracts and subsidies is the simplest way to save billions and billions of dollars in our budget, Trump wrote. “”.
Given that SpaceX launches more strategically significant satellites than all other companies combined, the US government is unlikely to terminate its contracts in practice. Prior to rescinding the threat, Musk threatened to decommission SpaceX’s Dragon spacecraft, which is essential for carrying NASA astronauts to the ISS.
