Elon Musk admits regret over excessive social media posts directed towards Donald Trump, Choosing to Cool off their Feud.
** Updated Article:**
Elon Musk took a step back from his heated spat with former pal-turned-foe, US President Donald Trump, admitting on social media that his fiery posts towards Trump were over the line. A casual tweet, posted early Wednesday morning, read "Apologies for some of my tweets about President @realDonaldTrump last week. went too far."
Musk's fallout with a president, who he once opened his checkbook big for, seemed to seal his influence within the White House and has users questioning his company's future. Given that his enterprises are major government contractors, Musk's businesses may face heightened vulnerability to reprisal, and Trump's all-too-familiar threats to cut Musk's contracts loom large.
Previously, Musk deleted a post alleging without proof that the administration was concealing information about President Trump's connections to the infamous pedophile Jeffrey Epstein. Meanwhile, other offending posts, such as those labeling the spending bill an "outrage" and taking credit for Trump's election victory, were still up and running.
On Sunday, Trump informed NBC's Kristen Welker that he has no intentions to mend their fractured relationship and warned Musk of severe repercussions if he aids Democrats in upcoming elections.
The strained relationship between the tycoon and the President could hold potential consequences for Musk's companies, such as (1) discontinuation of government contracts, (2) escalated regulatory oversight, (3) damage to public perception, (4) affected investor confidence, (5) and dwindled political influence.
(1) Trump's mention of canceling lucrative government contracts could significantly impact companies like SpaceX and Tesla, which rely on such projects for space exploration and electric vehicle incentives[1].
(2) The feud may lead to increased scrutiny from regulators in the automated, energy, and space industries, potentially affecting efficiency and profitability.
(3) Negative press arising from the dispute could harm consumer trust and investor sentiment, causing stock price fluctuations and potentially impacting consumer demand for Tesla vehicles or SpaceX services.
(4) Musk's public spat could raise questions about his leadership and stability, potentially discouraging investors and affecting the growth of advanced technologies that his companies pursue.
(5) The estrangement could hamper his companies' ability to influence policies favorable to his interests, such as Tesla's securing electric vehicle incentives and SpaceX's participation in government-funded space projects.
- The heightened vulnerability of Musk's businesses, such as SpaceX and Tesla, could lead to discontinuation of government contracts due to Trump's threats, potentially impacting their space exploration and electric vehicle projects.
- The feud between Musk and Trump may result in increased regulatory oversight for Musk's companies in automated, energy, and space industries, which could affect their efficiency and profitability.
- Negative press surrounding Musk's public spat with Trump could harm consumer trust and investor sentiment, resulting in stock price fluctuations and possibly impacting consumer demand for Tesla vehicles or SpaceX services.
- The estrangement between Musk and Trump could impact Musk's political influence, potentially hindering his companies' ability to secure policies favorable to their interests, such as electric vehicle incentives for Tesla and participation in government-funded space projects for SpaceX.
