On June 11, 2023, billionaire entrepreneur Elon Musk publicly expressed his regret regarding certain posts he made on social media about U.S. President Donald Trump last week, acknowledging that they may have crossed a line. In a candid statement shared on his platform, X, Musk noted, “I regret some of my posts about President Donald Trump last week. They went too far.”
Following Musk's comments, Trump stated on Saturday that their relationship was effectively over. However, he later clarified that he would not object to receiving a call from Musk, indicating a willingness to move past the recent tensions. This development highlights the complex dynamics between Musk and Trump, two influential figures in their respective fields.
The reaction to Musk's admission was noticeable, with Tesla shares rising by 2.44% in Frankfurt after his post went live. This uptick suggests that investor sentiment may be positively influenced by Musk's attempt to reconcile his relationship with Trump, which could have broader implications for Tesla and its market performance.
Since the onset of the dispute, Musk has taken steps to distance himself from previous criticisms of Trump, including deleting several posts that were deemed hostile. Notably, one of the deleted posts signaled support for impeaching the president, a move that could have further inflamed tensions between the two.
According to sources close to Musk, his anger appears to be subsiding, and there are indications that he may be interested in mending his relationship with Trump. This potential thaw in relations could have significant implications for both Musk’s social media strategy and Trump's political ambitions.
As the situation unfolds, it remains to be seen how this will impact not only the personal relationship between Musk and Trump but also the broader political landscape and financial markets.
Reporting by Gursimran Kaur in Bengaluru; Editing by Andrew Heavens and Timothy Heritage.
