Musk Regrets Critical Posts About Trump, Tesla Shares Rise

Tech mogul Elon Musk has publicly walked back some of his recent criticisms of former President Donald Trump, hinting at a potential thaw in their relationship after a week of heated exchanges. The move comes after Trump declared their relationship "over" following Musk's condemnation of Trump's proposed tax and spending bill.

Musk, CEO of Tesla and SpaceX, took to his social media platform X (formerly Twitter) to express regret over certain posts targeting Trump. He acknowledged the posts "went too far," without specifying which particular comments he was referencing. This retraction follows Musk's deletion of earlier posts, including one seemingly endorsing impeachment proceedings against the former president.

Sources close to Musk indicate that his initial anger has subsided, and he might be open to mending fences with Trump. The abrupt shift in tone has fueled speculation about a possible reconciliation between the two influential figures. Tesla's stock in Frankfurt experienced a positive bump after Musk's conciliatory post, suggesting investor optimism about the evolving dynamic.

The relationship between Musk and Trump has been complex. The article suggests Musk played a significant financial role in Trump's 2024 campaign, contributing heavily to Republican victories in the House and Senate. Trump subsequently appointed Musk to lead efforts in streamlining the federal government and cutting expenditures. However, Musk resigned from this position, citing concerns that Trump's tax bill would undermine his efficiency initiatives due to its cost.

Despite Trump's earlier declaration of a severed relationship and warnings of "serious consequences" should Musk fund Democratic candidates, Trump has since softened his stance. He recently stated he wouldn't object to a call from Musk and intends to maintain Starlink satellite internet services provided to the White House by SpaceX. He also mentioned potentially moving his Tesla vehicle off-site.

Trump expressed a desire to maintain a good relationship and wished Musk well. Musk acknowledged Trump's remarks with a simple heart emoji on X, further fueling speculation about a possible rapprochement. The evolving narrative suggests a potential detente, though the long-term implications for both Musk and Trump remain to be seen.