President Trump Holds Press Conference With Elon Musk in White House's Oval Office

Tesla CEO Elon Musk speaks alongside US President Donald Trump to reporters in the Oval Office (Kevin Dietsch/Getty Images)

Muska Culpa

Tesla officially recovers from the Musk-Trump feud

The stock is up on Musk’s apology and news on the robotaxi launch.

Rani Molla

6/11/25 9:33AM

The girls, it seems, are no longer fighting.

It’s been less than a week since Tesla CEO Elon Musk sent the fateful, expensive tweet that obliterated $152 billion in market cap from the electric vehicle company in a single day because of his falling out with the president.

But as of market opening Wednesday, the stock has erased all of the losses caused by the messy breakup.

To recap: after calling President Donald Trump’s “big, beautiful bill” a “disgusting abomination” a couple of days earlier, Musk directly attacked the president on June 5, saying that without the space billionaire, the real estate billionaire would have lost the election.

Such ingratitude
— Elon Musk (@elonmusk) June 5, 2025

Things went downhill from there, with Musk suggesting on his social media platform, X, that there’s a deeper connection between Trump and late sex offender Jeffrey Epstein. Musk also said Trump’s tariffs would cause a recession this year and threatened to decommission SpaceX’s Dragon spacecraft, potentially stranding NASA astronauts at the space station.

Trump, for his part, took to TV and his own social media platform, Truth Social, to rake Musk over the coals and threaten his valuable government contracts.

The stock ate it, closing down 14% that day from its previous close of $332.05.

Since then, however, Musk has blinked. He’s deleted some of his most incendiary tweets and has issued an apology, saying he regretted “some of my posts” about the president and that “they went too far.” The mea culpa was on the heels of Musk teasing a June 22 date for the company’s long-awaited robotaxi launch.

In concert, those actions seem to have done the trick for the stock, which opened above the price it was before Musk started his Twitter war with Trump.

Jon Keegan16h

White House releases AI legislative framework

The White House has released its policy wish list for AI legislation — and what it wants excluded.

Still, the odds of any actual AI regulation getting passed in Congress right now are very slim.

The “National Policy Framework” for AI lays out seven issues that the Trump administration wants to see reflected in any congressional action around AI.

The items listed in the framework include:

Child safety protections, age verification, and parental controls for AI.
Data center projects voluntarily pay their own way when it comes to power, but incentives should still be encouraged.
Copyright laws should allow for training models on copyrighted works, while protecting individuals’ voice and likeness.
Free speech should be defended for AI systems, preventing the government from pressuring companies to ban or alter content based on partisan agendas.
A light touch to regulation to encourage innovation, and no federal agency to regulate AI.
American workers vulnerable to AI job replacement should be retrained and supported.
Federal AI rules should preempt any state AI legislation to prevent a patchwork of laws that companies would hate.

The policy list is the latest in a series of proposals from the AI-friendly Trump administration.

President Donald J. Trump Unveils National AI Legislative Framework

The items listed in the framework include:

Child safety protections, age verification, and parental controls for AI.
Data center projects voluntarily pay their own way when it comes to power, but incentives should still be encouraged.
Copyright laws should allow for training models on copyrighted works, while protecting individuals’ voice and likeness.
Free speech should be defended for AI systems, preventing the government from pressuring companies to ban or alter content based on partisan agendas.
A light touch to regulation to encourage innovation, and no federal agency to regulate AI.
American workers vulnerable to AI job replacement should be retrained and supported.
Federal AI rules should preempt any state AI legislation to prevent a patchwork of laws that companies would hate.

The policy list is the latest in a series of proposals from the AI-friendly Trump administration.

SPACE

CASE

Rani Molla, Nate Becker16h

Jon Keegan18h

WSJ: OpenAI rolling everything into one desktop “superapp”

OpenAI is trying to eliminate distractions and focus on building AI that helps with enterprise productivity tasks like coding and organizing spreadsheets.

As part of that effort, the startup is consolidating some of its “side quests” into one “superapp,” according to a report from The Wall Street Journal.

The plan is to merge ChatGPT, Codex, and the Atlas browser together, as it seeks to focus its efforts as it competes with Anthropic and Google for lucrative enterprise customers.

OpenAI Head of Apps Fidji Simo told staffers in an internal memo that “we realized we were spreading our efforts across too many apps and stacks, and that we need to simplify our efforts. That fragmentation has been slowing us down and making it harder to hit the quality bar we want,” per the report.

Exclusive | OpenAI Plans Launch of Desktop ‘Superapp’ to Refocus, Simplify User Experience

The plan is to merge ChatGPT, Codex, and the Atlas browser together, as it seeks to focus its efforts as it competes with Anthropic and Google for lucrative enterprise customers.

Rani Molla

Semi charmed

18h

What we know about Tesla’s Semi truck as production nears

Musk says “high-volume production” will start this year. Wall Street thinks that’s more like 5,000 to 15,000 trucks.