Elon Musk announced that he “sorry” some of the things he said about Trump last week, just as the president is crushing Tesla with a number of new laws.
Last week, Musk released a series of tweets that attacked Trump and GOP over the “big beautiful Bill”. CEO went so far as to claim that the reason Trump does not release the Epstein files is that he is in them.
Trump’s commitment to Epstein has been known for decades, and Musk knew it when he funded Trump’s election.
The president fired back by threatening to cut all contracts and subsidies to Musk’s businesses.
It sent Tesla’s stock that tumbled, but Musk supported quickly. He removed most of his positions about Trump and even tweeted a ‘heart emoji’ to the president.
Musk is now completely supported and tweeted today that he sorry for some of his posts about Trump:
Tesla CEO, which supports Trump over the big beautiful bill, is likely to help GOP get it through the Senate.
We have already discussed how the bill is Probably, the electric vehicle market is seriously affecting the United States, especially Tesla. However, it’s just the beginning. Trump is now preparing to hurt tESLA further.
Politico reports that Trump plans to sign three decisions adopted by Congress to reverse California’s emission rules that have been adopted by other states (Carb) Thursday.
The signing would effectively cancel California’s right to see its own stricter vehicle emission rules.
California has already announced its intention to fight the new decisions in court when Trump signs them.
Furthermore, Tesla’s deadline on June 19 is approaching to respond to NHTSA’s request for information about its launch of a Robotaxi service in Austin quickly.
Tesla was previously assumed to aim to launch the service in the first half of the month, but Musk said it is now targeting June 22.
NHTSA could effectively close Tesla’s planned service before it even gets started as it is based on Tesla’s “monitored full self -driving” system, which is currently under investigation into the federal agency.
The timing of Musk’s feud with Trump couldn’t get at a worse time for Tesla.
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Musk out of taco (trump chickens always out). In my post about the feud, I said I was expecting a quick cooling of the situation, but I didn’t expect Musk to go out as it fully.
I’m not sure if he changed his dosage or if he panicked because Trump made it clear that he would retaliate.
From the last quarter, Tesla’s earnings are completely dependent on emission credits. Therefore, this can result in a significant reduction in Tesla’s credits and earnings, especially from 2028, if it is against California’s exception.
There were perhaps direct threats from the Trump administrator about the Austin launch. I don’t know, but I hope the regulators are doing their jobs here because I think this can end very badly.
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