Trump Calls Musk a 'Friend,' Says 'I like Tesla' as Feud Fades
Trump has called Elon Musk a 'friend' and expressed his support for Tesla, signaling a thaw in their recent feud. This comes as Trump signed resolutions against California's electric vehicle mandates, which may not bode well for Tesla. Musk recently apologized to Trump for previous disparaging remarks. Despite a drop in TSLA stock today, it has risen 35% over the past three months.
It appears that the feud between President Trump and Elon Musk is a thing of the past. During a bill signing ceremony, Trump said "I like Tesla," and that Musk is a "friend of mine." Interestingly enough, the ceremony involved disapproval resolutions against California's electric vehicle mandates and rules, with Trump signing against California's plan to halt the sale of gasoline-powered vehicles by 2035. That isn't exactly a positive for Tesla (TSLA).
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Musk Apologizes to Trump
Trump's statements come after Musk issued an apology to him on X, saying "I regret some of my posts about President Donald Trump last week. They went too far." Last week, Musk and Trump traded disparaging remarks stemming from Musk's dissatisfaction with the GOP tax and spending bill. The dispute escalated to Trump threatening to cut government contracts and subsidies for Musk's companies before cooling off.
TSLA stock is falling today but is still up by 35% during the past three months.
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