Musk Walks Back Anti-Trump Social Media Tirade, Market Reacts

Elon Musk issued a public apology for his recent aggressive social media posts targeting President Trump, stating they “went too far.” This follows a significant market downturn for Tesla, partially attributed to the fallout from the public spat.

The conflict, stemming from Musk’s opposition to a proposed Trump tax bill, threatened SpaceX’s government contracts and negatively impacted Tesla’s stock price. While Tesla shares initially dropped, they saw a rebound following Musk’s apology and the announcement of a tentative launch date for his robotaxi service.

The long-term impact on Musk’s relationship with Trump remains uncertain, despite Trump’s lukewarm response. The incident highlights the potential risks associated with high-profile political stances and their influence on business interests, especially considering SpaceX’s reliance on government contracts and Tesla’s global market exposure.

Prior to the public break, Musk held an informal advisory role within the Trump administration, focused on government efficiency initiatives. However, even significant cost-cutting measures would be dwarfed by the projected fiscal impact of the contentious tax bill, ultimately contributing to the conflict.

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