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| Musk admits regret in Trump post drama |
Elon Musk said he now regrets calling President Trump’s tax bill a “disgusting abomination” last week. He admitted his posts crossed the line and harmed their ties .
Musk had slammed Trump’s major spending plan on X and backed talk of his impeachment. Trump fired back, ending their friendship and warning Musk about future deals . Musk then deleted some posts and said he’s open to fixing ties.
Shares of Tesla rose 2.3% in pre-market trading after his apology . Analysts say markets breathed easier once both men cooled off. They note Tesla holds big government contracts and needs White House support.
The clash began June 4, when Musk urged followers to call lawmakers to “KILL the BILL” . He saw the plan as a tax-and-spend disaster. Trump, who leaned on Musk’s support in 2024, saw that as betrayal. Their bond had once put Musk in a brief White House role to streamline federal tasks.
After the public spat, Trump softened. He said he still values Starlink satellite service from SpaceX and has no plans to cut it off . Advisers note both men share big stakes in tech, defense, and energy projects.
Market experts say the feud cost Musk $90 billion in net worth before shares rebounded . They add that open drama between top figures can spook investors fast. Repairing fences may keep contracts safe and calm stock swings.
Political strategists see risk and chance. Some warn Musk’s blunt style can erode trust with leaders. Others praise his honesty, saying corporate chiefs should speak out on public policy. They agree Musk’s regret shows he values stability too.
Legal and ethics scholars say public calls to “kill” bills can pressure lawmakers. They note tech bosses hold high sway in politics today. Still, Musk’s apology may reassure opponents who feared his hard line.
Musk gave no dates for talks with Trump. But insiders say both sides may meet soon. They expect a private call or dinner. Each man stands to gain by mending fences.
Public reaction split. Some Musk fans thanked him for owning his words. Others said he waited too long. Trump supporters felt insulted by the original posts. Many posted memes poking fun at the duo’s fight.
Experts say this feud marks a shift. Musk once stayed neutral. Now he wades into the heart of U.S. policy fights. They predict he will tread more carefully after this flare-up.
Despite the dust-up, both men share goals on space, AI, and energy. SpaceX and Starlink count on federal clearances and funding. Tesla relies on import rules and tax credits. A thaw in ties may smooth approvals.
This episode shows how social media can turn tests of power into market moves. A few tweets cost Musk billions. They also shaped debate on fiscal policy. Musk’s regret adds a human note to tech titans’ rise.
Some say his apology was timed for markets. Others see it as genuine. Only time will tell if the bond fully recovers. For now, Musk’s words signal he’s ready to dial back heat and seek common ground.