Musk’s Trump Truce Tremor: Investors React as Feud Cools

by

Tesla and SpaceX CEO Elon Musk, from left, President Donald Trump and Vice President JD Vance attend a campaign event, Oct. 5, 2024, in Butler, Pa. (AP Photo/Alex Brandon, File)
Reading Time: < 1 minute

After weeks of back-and-forth, Elon Musk is tapping the brakes on his public feud with President Donald Trump, admitting on X that some of his posts “went too far.”

Just hours after deleting a controversial claim about Trump’s ties to Jeffrey Epstein, Musk walked back his criticism — though he kept up jabs, calling the new spending bill a “disgusting abomination” and crediting himself for Trump’s 2020 victory.

The retreat may signal the end of Musk’s behind-the-scenes influence in the White House — and it couldn’t come soon enough for investors.

Tesla shares rose nearly 2% in early trading Wednesday, recovering from last Thursday’s sell-off.

But make no mistake, the feud burned hot.

Musk, who contributed hundreds of millions to Trump’s campaign, now faces threats of federal reprisal. Safety regulators could stall his robo-taxi rollout, tentatively slated for June 22 in Austin.

The question now is whether this reset will hold — or if it’s merely a reprieve before the next round.


Click play to listen to the report from AURN White House Correspondent Ebony McMorris. For more news, follow @E_N_McMorris & @aurnonline.

AURN Podcast Network


advanced divider
advanced divider
Advertisement

AURN NEWS WITH EBONY MCMORRIS