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 8:33AM

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.

Nate Becker12/19/25

Tesla CEO Elon Musk wins appeal for his 2018 pay package

Tesla CEO Elon Musk has won an appeal to the Delaware Supreme Court, restoring his 2018 pay package that was worth $56 billion at the time but has since ballooned in value, Reuters reports.

Two years ago, a lower court had struck down the compensation deal, calling it “unfathomable,” and Musk has been fighting for it since then.

Of course, Musk was recently awarded an even bigger pay package that could potentially award him $1 trillion over time. Tesla shares were recently up 0.5% in after-hours trading.

Musk wins appeal and restores 2018 Tesla pay deal worth $56 billion

Of course, Musk was recently awarded an even bigger pay package that could potentially award him $1 trillion over time. Tesla shares were recently up 0.5% in after-hours trading.

Jon Keegan12/19/25

OpenAI’s reported fundraising valuation keeps jumping by hundreds of billions of dollars

OpenAI is reportedly in talks to raise as much as $100 billion, with a valuation of....~~$500 billion...$750 billion~~ $830 billion?

This is getting ridiculous. This week we have read multiple reports that OpenAI is in early discussions with potential investors about a significant fundraising round of up to $100 billion, to help cover its cloud computing costs.

On Tuesday, The Information reported a major $10 billion investment from Amazon in OpenAI, with a valuation higher than $500 billion
On Wednesday, The Information reported that the $100 billion round would give OpenAI a valuation of $750 billion
Today, the Wall Street Journal is reporting that the $100 billion round would give OpenAI a valuation of as much as $830 billion

The spread from $500 billion to $830 billion is pretty wild, and we are wondering what it might be by next week.

Exclusive | OpenAI’s New Fundraising Round Could Value Startup at as Much as $830 Billion

On Tuesday, The Information reported a major $10 billion investment from Amazon in OpenAI, with a valuation higher than $500 billion
On Wednesday, The Information reported that the $100 billion round would give OpenAI a valuation of $750 billion
Today, the Wall Street Journal is reporting that the $100 billion round would give OpenAI a valuation of as much as $830 billion

The spread from $500 billion to $830 billion is pretty wild, and we are wondering what it might be by next week.

Alexander C. Kaufman

Power play

12/18/25

Inside Trump Media’s head-scratching $6 billion merger to become a nuclear fusion company

“TAE is swinging for the fences for a grand slam,” one analyst told us, but the odds are against it.

Hand Holding an Atomic Rock Above a City

Jon Keegan12/18/25

Report: OpenAI in early talks for new fundraising round with $750 billion valuation

Just yesterday, we were reading about how Amazon was in talks to invest as much as $10 billion in OpenAI, with an eye-popping valuation of more than $500 billion. But those numbers might already be old.

A new report by The Information says that OpenAI is in early talks to raise as much as $100 billion, with a $750 billion valuation.

The company is reportedly estimating its fast-growing revenue will hit $100 billion by 2028, but it also expects to burn $115 billion in cash through 2029.

OpenAI Has Discussed Raising Tens of Billions at Valuation Around $750 Billion

The company is reportedly estimating its fast-growing revenue will hit $100 billion by 2028, but it also expects to burn $115 billion in cash through 2029.