Overview

• Musk posted on X on June 11 that he regretted some posts about President Trump, saying they “went too far.”
• He deleted several of his most scathing criticisms, including an unverified allegation linking Trump to the Jeffrey Epstein files, as part of his de-escalation.
• Trump had threatened “serious consequences” if Musk supported Democrats against Republicans on the budget bill but has since held off on any punitive action.
• Tesla’s market value dropped by about $152 billion during the feud before its shares began recouping losses as tensions eased.
• Musk was a top donor and adviser to Trump—head of the Department of Government Efficiency and contributor of nearly $300 million to his 2024 campaign—underscoring the high political stakes.