"I regret immoderate of my posts astir President @realDonaldTrump past week. They went excessively far," Elon Musk said connected the X societal media platform.
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Tech billionaire Elon Musk connected Wednesday said helium regretted immoderate of the societal media posts helium made astir U.S. President Donald Trump past week during an explosive nationalist quality with his erstwhile adjacent ally.
"I regret immoderate of my posts astir President @realDonaldTrump past week. They went excessively far," Musk said connected the X societal media platform.
The feud dissolved a choky concern that had propelled Musk to spearhead the budget-slashing Department of Government Efficiency (DOGE) nether Trump's 2nd administration, fueling marketplace concerns implicit the outlook for the tech tycoon's Tesla and SpaceX businesses. Immediately aft the row, the electrical conveyance automaker saw its biggest ever hit, with shares since recouping losses.
Last week's struggle was sparked by Musk's opposition to the Trump-backed "One Big Beautiful Bill Act" taxation and spending bill. In a CBS interview, Musk said that the bundle "undermines" the enactment of DOGE, further blasting it connected societal media by saying it would substantially summation the U.S.' fund deficit. The Trump medication has refuted this point.
Over the weekend, Trump said determination would beryllium consequences for Musk if helium supported Democratic candidates challenging the taxation and spending bill. At the time, the president noted that helium had nary plans of speaking with Musk — earlier changing tack connected Monday to bespeak helium would not person a occupation if Musk called.
After the storm
The row, carried retired simultaneously implicit the X and Truth Social media platforms owned by Musk and Trump, respectively, posed contiguous threats to the tech billionaire's ventures.
Critically, the U.S. president suggested terminating authorities contracts and subsidies awarded to Musk's companies. Musk meantime threatened to decommission SpaceX's Dragon spacecraft — which is presently the lone U.S. prime for bringing unit to and from the International Space Station — earlier rapidly walking backmost his statement.
The tempest showed signs of settling by the weekend. As of Saturday, Musk appeared to person deleted immoderate of his societal media posts that had contributed to the ramped-up struggle with the White House leader, including an update successful which helium had accused Trump of being mentioned successful the "files" of precocious intersexual offender Jeffrey Epstein. The White House had disputed the allegation.
A station successful which Musk replied "yes" to a societal media idiosyncratic calling for Trump to beryllium impeached and replaced with Vice President JD Vance besides appeared to person been deleted.
In turn, Trump connected Monday said helium was readying to clasp the Starlink technology, a outer net work that is portion of Musk's SpaceX, astatine the White House.
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