Overview

• Musk posted on X that he regretted some of his posts about President Trump for exceeding acceptable bounds.
• The dispute began when Musk condemned the One Big, Beautiful Bill Act for cutting electric vehicle incentives, calling it a “disgusting abomination.”
• He escalated tensions by making unverified claims that Trump’s name appeared in Jeffrey Epstein’s files.
• Tesla shares plunged about 14% during the feud and Trump warned he could end government subsidies and contracts for Musk’s companies.
• Observers view the apology as a first step toward rapprochement after both sides risked harm to their political and business interests.