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Tesla Shares Recover After Elon Musk Issues Public Apology to President Trump
Elon Musk, the CEO of Tesla and SpaceX, has issued a public apology to President Donald Trump, which has helped Tesla shares recover after a recent sharp drop. Musk posted on his social media platform X, saying, “I regret some of my posts about President @realDonaldTrump last week. They went too far.” This apology came after a heated public feud between the two, which had caused Tesla’s stock to plunge significantly.
The conflict began when Musk made serious accusations against Trump, linking him to Jeffrey Epstein and calling for his impeachment over fiscal policies, including criticism of a major spending bill known as the “One Big Beautiful Bill.” Trump responded by threatening to cut government subsidies and contracts for Tesla and SpaceX, both of which rely heavily on federal support. This back-and-forth led to a dramatic loss in Tesla’s market value, with shares dropping more than 14% in a single day, erasing about $152 billion in value.
Musk’s posts, including a controversial 1992 video of Trump with Epstein and claims about sealed Epstein files naming Trump, intensified the feud. This also negatively affected Trump Media & Technology Group’s stock and the $Trump meme cryptocurrency, which fell sharply. The feud marked a significant shift from their previous alliance, as Musk had earlier donated $275 million to Trump’s 2024 campaign and led the Department of Government Efficiency (DOGE) under Trump’s administration.
The apology from Musk has sparked a recovery in Tesla’s shares. On the day of the apology, Tesla shares rose by about 3.8% during midday trading, easing investor fears about potential government retaliation. Analysts believe this move is a strategic step by Musk to protect his companies, especially as Tesla prepares to launch its new robotaxi service in Austin, Texas, later this month. The apology might also help mend the strained relationship between Musk and Trump, who has expressed openness to reconciliation, saying in a podcast, “I have no hard feelings”.
Experts note that Musk and Trump need each other, and this apology could be the start of rebuilding their alliance. The resolution of this feud is crucial because SpaceX plays a vital role in NASA missions, and Tesla depends on federal contracts and subsidies. The spat had raised concerns about the stability of Musk’s business empire, but the apology has helped calm the market and improve investor confidence.
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Despite the apology, some issues remain unresolved, such as the Epstein file allegations, which continue to stir public debate. However, the immediate effect of Musk’s public apology to Trump has been positive for Tesla’s stock, which has bounced back after the recent turmoil. Investors are hopeful that this thaw in relations will lead to a more stable environment for Tesla and SpaceX going forward.
Tesla shares recover after Elon Musk’s apology to Trump, reflecting a market relief that the feud between the two influential figures may be cooling down. This development comes at a critical time for Tesla, as it gears up for important product launches and navigates complex political and regulatory landscapes. Musk’s public apology to President Trump marks a significant moment in this ongoing story, showing the delicate balance between business, politics, and public image.
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