Tesla Surges After Musk Regrets His Comments About Trump
Following Elon Musk’s response to the recent controversy, Tesla’s stock price increased on Wednesday. After a startling rift that rocked the shares of an electric vehicle manufacturer, he said he regrets some of the postings he made against Donald Trump last week. Following research that indicated Trump’s tariffs are not, at least not yet, significantly raising inflation, US stocks are hovering around their record high on Wednesday.
Tesla Rebounds After Musk Says His Trump Posts “Went Too Far”
The stock of Tesla rose 1.7% this morning. After Elon Musk’s connection with Trump collapsed last week, which sparked concerns about the electric vehicle manufacturer losing revenue, it has been recouping a large portion of its significant losses. On Wednesday, billionaire Elon Musk retracted his criticism of President Donald Trump, claiming that his social media posts “went too far.”
I regret some of my posts about President @realDonaldTrump last week. They went too far.
Musk
Musk’s Rift With Trump Sparks Questions About His Influence in Washington
Musk seemed to lose his power in the White House after splitting from a president he had spent hundreds of millions of dollars to elect, raising questions about the impact on his businesses. On the other hand, in a previous tweet, Musk alleged without proof that the government was hiding information on the president’s relationship with notorious pedophile Jeffrey Epstein. However, Musk later removed the post.
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