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Elon Musk’s Apology to Trump Defuses Spat, Lifts Tesla Shares and Net Worth

Pressure from Trump allies prompted Musk’s apology, which the president praised as Tesla shares began to recover

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U.S. President Donald Trump listens as Elon Musk speaks in the Oval Office at the White House, in Washington, Feb. 11, 2025 (AP photo by Alex Brandon).

Overview

  • Musk apologized on X for posts criticizing President Trump after calls from Vice President JD Vance and White House Chief of Staff Susie Wiles.
  • Trump accepted the apology and told the New York Post that he appreciated Musk’s gesture.
  • His net worth rose by $191 million to $411.4 billion, according to the Forbes Billionaire Index.
  • Tesla shares showed a 1% uptick after tumbling 14% during the feud.
  • A Quinnipiac University poll found Musk’s favorability among Republicans dropped from 78% to 62% during the feud.