Tech billionaire attempts to mend relationship with president after costly political dispute threatens business. (AP File)

- Musk posted on X that he regrets some posts about Trump, saying "They went too far."
- Trump warned Musk could face "serious consequences" for helping Democrats in elections.
- Tesla shares rose 2% after Musk's apology, recovering from last week's losses.
Share
Elon Musk stepped back from his explosive feud with U.S. President Donald Trump, writing on X that he regrets some of his posts about his onetime ally.
Early Wednesday morning, he posted “I regret some of my posts about President @realDonaldTrump last week. They went too far.”
Musk’s break with a president whom he spent hundreds of millions of dollars to elect appeared to put an end to his influence in the White House and prompted concerns about effects on his companies. As a major government contractor, Musk’s businesses could be particularly vulnerable to retribution, and Trump has already threatened to cut Musk’s contracts.
Musk earlier deleted a post in which he claimed without evidence that the government was concealing information about the president’s association with infamous pedophile Jeffrey Epstein. Meanwhile, other posts that irritated Trump, including ones in which Musk called the spending bill an “abomination” and claimed credit for Trump’s election victory, remained live.
On Sunday, Trump told NBC’s Kristen Welker that he has no desire to repair their relationship and warned that Musk could face ” serious consequences ” if he tries to help Democrats in upcoming elections.
Tesla Shareholders Monitor Political Fallout
Shareholders of Tesla, Musk’s electric vehicle company, have been closely watching his feud with Trump. In a separate post late Tuesday on X, Musk said Tesla’s rollout of robotaxi service in Austin, Texas, is “tentatively” scheduled for June 22. Wall Street analysts have expressed concern that Trump could retaliate against Musk by having federal safety regulators impede a broad rollout of the service, which is seen as a key to Tesla’s future.
Tesla shares rose almost 2% in early trading Wednesday and have regained all of the big loss from last Thursday when the Trump-Musk feud erupted.
RELATED TOPICS:
Israel Could Strike Iran as Soon as Sunday, WSJ Reports
34 minutes ago
Trump Promises Immigration Order Soon on Farm and Leisure Workers
1 hour ago
Google Cloud Outage Hits Platforms Including Spotify, Discord
2 hours ago
US House Passes Trump Cuts of $9.4 Billion for Foreign Aid, Broadcasting
2 hours ago
Pending State Subsidence Guidelines Give Valley Water Managers a Sinking Feeling
2 hours ago
An Anti-War Movement Is Stirring in Israel
3 hours ago
David Greenwood, Former UCLA Star and NBA Champion, Dies at 68 After Cancer Battle
3 hours ago
Is the Trump-Musk Spat Really Over? Judging From Wall Street Trading, It’s a Fragile Peace
3 hours ago
Tulare County Inmate Found Unresponsive in Cell, Autopsy Pending
3 hours ago

Former California Corrections Sergeant Indicted on Child Porn Charges

Israel Could Strike Iran as Soon as Sunday, WSJ Reports

Trump Promises Immigration Order Soon on Farm and Leisure Workers

Google Cloud Outage Hits Platforms Including Spotify, Discord
