Elon Musk publicly acknowledged his regret regarding some of his recent comments about President Donald Trump, signaling a retreat from their previously tumultuous relationship. Despite his past support for Trump, Musk's controversial posts raised concerns about potential repercussions for his business dealings, particularly given Musk's significant government contracts. Additionally, Trump has warned of serious consequences if Musk aids Democratic efforts in elections. While Tesla shares rebounded following Musk's admission, anxiety remains among investors about the implications for the company's future, especially regarding its robotaxi service rollout in Austin.
Musk's break with Trump appears to have ended his influence in the White House, raising concerns about the potential impact on his government contracts.
Trump expressed he has no desire to repair his relationship with Musk and warned him of "serious consequences" if he supports Democrats in upcoming elections.
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