U.S. President Donald Trump struck a more neutral tone toward Tesla (NASDAQ:TSLA) CEO Elon Musk during a press conference on Monday, following last week’s heated public exchange between the two. The shift in rhetoric appeared to boost investor confidence, with Tesla shares closing 4.6% higher.
Trump confirmed he would keep his Tesla Model S but suggested relocating it. He also praised Musk’s Starlink service, calling it a “great service,” and said he wishes Musk “well, very well.”
When questioned about rumors of Musk using drugs at the White House, Trump responded that he did not know but hoped it wasn’t true. He added that Musk may want to reconnect, but Trump isn’t sure whether the tech billionaire has tried calling him.
The fallout between the two began last week when Musk slammed Trump’s “Big Beautiful Bill” as an “abomination,” citing concerns over its impact on the national debt. Trump responded by saying Musk opposed the bill because it repealed electric vehicle (EV) mandates, potentially harming Tesla’s business. Musk refuted the claim, accusing Trump of “lying.”
Tensions escalated as Trump threatened to revoke Musk’s government contracts. In response, Musk pushed back, suggesting he might terminate SpaceX’s Dragon program.
Despite the public spat, Trump’s latest comments seem to signal a possible de-escalation. Market watchers viewed the softer tone as a positive signal for Tesla, contributing to the stock’s strong finish.


Finnair Orders 18 Embraer E195-E2 Jets in Landmark Fleet Overhaul
Trump Backs Down on Iran Strikes After Gulf Allies Sound the Alarm
Google's TurboQuant Algorithm Sends Memory Chip Stocks Tumbling
US-Iran Ceasefire Talks Underway: What You Need to Know
Maduro Faces Rare Narcoterrorism Charges in U.S. Court
U.S. Deploys Elite 82nd Airborne Troops to Middle East Amid Iran Tensions
Delivery Hero Sells Taiwan Foodpanda to Grab for $600 Million in Debt-Reduction Push
Valero Port Arthur Refinery Explosion Prompts $1M Lawsuit Over Worker Safety Negligence
Russia Strikes Kharkiv and Izmail as Cross-Border Drone War Escalates
9 Tips for Avoiding Tax Season Cyber Scams
WTO Reform Talks Begin in Cameroon Amid Global Trade Tensions
Rio Tinto's Resolution Copper Mine: U.S. Smelting Challenges and Global Operations Update
SLMG Beverages Eyes Price Hikes Amid Rising Packaging Costs and India's Booming Soft Drink Market
Jay Bhattacharya to Continue Leading CDC as White House Searches for Permanent Director
FEMA Reinstates $1 Billion Disaster Prevention Grant Program After Court Order
Trump to Visit China in May for High-Stakes Xi Summit Amid Iran War
Trump Seeks Quick End to U.S.-Iran Conflict Amid Ongoing Middle East Tensions 



