Elon Musk Apologizes to Former President Donald Trump After Public Feud
June 11, 2025, Elon Musk, the billionaire CEO of Tesla and SpaceX, has publicly apologized to former President Donald Trump after a heated exchange between the two men led to stock market chaos, political backlash, and threats to Musk’s businesses.
What Happened?
The conflict started last week when Musk made strong accusations against Trump on X (formerly Twitter), including:
Claiming Trump had connections to Jeffrey Epstein, the late financier accused of sex trafficking.
Posting a 1992 video showing Trump and Epstein together.
Demanding Trump’s impeachment over fiscal policies, including what Musk mockingly called the “One Big Beautiful Bill Bill.”
Trump, who is currently running for re-election in 2024, fired back:
He threatened to cut government contracts for Tesla and SpaceX, both of which receive federal funding.
Suggested he might decommission SpaceX’s Dragon spacecraft, which NASA uses for missions.
Blamed Musk’s criticism on Tesla’s declining sales and Musk’s far-right political views.
The Market Chaos
The feud caused big financial losses:
Tesla’s stock dropped 14.2% in one day, wiping out $152 billion in market value.
Trump Media & Technology Group (TMTG) stock fell 8%.
The $TRUMP meme cryptocurrency crashed 12%.
Short-sellers (investors betting against Tesla) made billions in profits.
Why Did Musk Apologize?
Today, at 7:04 AM (WAT), Musk posted on X:
“I regret some of my posts about President @realDonaldTrump last week. They went too far.”
The apology seems to be a strategic move because:
Tesla is struggling – Sales are down, and Musk needs government support for Tesla’s upcoming robotaxi launch.
SpaceX depends on NASA contracts – If Trump retaliates, it could hurt SpaceX’s missions.
Investors were panicking – The stock market reacted badly to the feud.
Trump’s Response
Trump, in a pre-recorded podcast on June 9, said:
“I have no hard feelings.”
This suggests he might accept Musk’s apology, but his administration could still limit subsidies for electric vehicles (which help Tesla) or review SpaceX contracts.
What’s Next?
Tesla’s stock rose 3.8% after Musk’s apology, showing investors are relieved.
The FBI still hasn’t released Epstein’s sealed files, so Musk’s claims remain unproven.
Political analysts say Musk may be trying to repair the relationship before the 2024 election.
Why This Matters
Business vs. Politics – Musk’s companies rely on government deals, so fighting with Trump is risky.
Stock Market Impact – When billionaires feud, billions of dollars can be lost in hours.
Public Influence – Both Musk and Trump have huge followings, so their fights shape public opinion.
Final Thoughts
Musk’s apology may calm tensions for now, but the long-term effects are unclear. Will Trump forgive and forget, or will he still pressure Tesla and SpaceX? And will Musk stay quiet, or could another feud erupt before the election?
For now, the markets are stabilizing, but this clash shows how business, politics, and social media can create explosive conflicts with real-world consequences.
