In a surprising turn of events, Elon Musk expressed regret over his recent social media feud with former President Donald Trump. On X, Musk admitted that some of his posts—made during a heated exchange about a significant spending legislation Trump dubbed the “big, beautiful bill”—were excessive. Musk did not specify which comments he regretted or what triggered his change of heart.
The conflict intensified when Musk claimed that Trump wouldn’t have won the election without his help, while also suggesting Trump was undermining efforts related to cryptocurrency and federal budget cuts. Trump referred to Musk’s opinions as diatribes, and their exchange became increasingly acrimonious, culminating in Trump hinting at the possibility of severing ties with Musk’s businesses. Musk retaliated by mentioning Trump’s past association with Jeffrey Epstein, indicating the deterioration of their relationship.
Amidst this backdrop, Trump warned Musk of potential “serious consequences” should he support Democratic candidates opposing the budget. Historically, Musk has been a significant ally to Trump, advising on various initiatives and donating to Republican causes, including a public ceremony marking the end of his advisory role at the White House. However, as Trump’s focus shifted to passing the controversial budget bill, their bond weakened.
The stakes have risen for Musk, particularly as his companies rely heavily on government contracts and subsidies. Following the fallout, Tesla experienced a staggering $152 billion drop in market capitalization, although it has since recovered some losses. The ongoing tensions illustrate the fragility of political alliances in the face of differing priorities.
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