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Musk lowers his head, TSL raises its head.
On June 11, Musk said on the social media platform "X" that he regretted some of his posts about US President Trump last week, which went too far. Previously, Musk publicly slammed the Trump administration's large-scale spending bill, saying that either a "big and ugly" bill or a "thin and beautiful" bill, and the latter is the way out. Musk also alluded to Trump's involvement in the "Epstein case" on social media. Trump said that Musk was "crazy", and there were even media reports that Trump began to inquire about whether Musk was "taking drugs". But this week, the relationship between the two began to ease somewhat, with Musk deleting a previous post angrily tearing up Mr. Trump and publicly supporting Mr. Trump's dispatch of troops to Los Angeles to deal with the riots. Tesla's (TSLA.O) shares rose 1.4% in premarket trading after Musk's formal apology.