Billionaire Elon Musk expressed regret today for the posts he made last week about U.S. President Donald Trump, stating that they “crossed the line.”
Last week, Trump and Musk exchanged insults on social media platforms, with the CEO of Tesla and SpaceX describing the comprehensive tax and spending bill proposed by the president as “disgusting and repulsive.”
On Saturday, Trump said their relationship was over, but since then, he has mentioned that he would not have an issue if Musk called him and wished him success.
In a post on his own platform, Musk wrote, “Regret some of my tweets about President Donald Trump last week. They exceeded the bounds,” without specifying the exact posts he was referring to.
Tesla’s stock prices rose by 2.3% on the Frankfurt Stock Exchange after Musk’s post.
Since the dispute began, Musk has deleted some posts criticizing Trump from his social media platforms, including one supporting “holding the president accountable.”
Sources close to Musk have indicated that his anger is beginning to dissipate, and they believe he may want to mend his relationship with Trump.
Matma Valliechka, a consumer commodities analyst at Quilter Cheviot, stated, “Musk’s conciliatory tone in recent times may reflect his desire to protect his business in light of the current situation.”
Matthew Bretzman, a Tesla shareholder and analyst at Hargreaves Lansdown, mentioned that Musk and Trump seem to have succeeded in toning down the confrontation.
He added, “It is still unlikely that we will see these two giant personalities intertwined in such a close manner again, but it is not in the interest of either of them to allow this drama to continue.”
Sean Campbell, advisor and investor at Camelthorn Investments, believes that the relationship between Musk and Trump can be repaired, but he also ruled out it returning to its previous state.
Campbell, who owns shares in Tesla, said, “The risks between the richest man in the world and the leader of the most powerful country in the world are extremely huge, with billions of dollars in government contracts at stake, not to mention the power of investigation, regulatory actions, and tax enforcement.