Tesla officially recovers from the Musk-Trump feud
The stock is up on Musk’s apology and news on the robotaxi launch.
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.
