Trump dismisses Reconciliation with Musk Amid Feud, Tesla Stock Impact

Updated June 6, 2025

President Donald Trump has dismissed any near-term reconciliation with Elon Musk, stating in⁢ an interview with ABC News that he is “not especially” interested in speaking with the Tesla CEO.Trump’s statement follows ‍reports of a ‍scheduled call between the⁢ two.

“You mean the man⁣ who has lost his mind?” Trump saeid, referring to Musk. The public dispute between the president and his former ⁢adviser has sent shockwaves, with one adviser noting Trump was “bummed”⁢ by the situation.

The feud between Trump and Musk ignited over a disagreement regarding a spending bill. It quickly escalated after Musk agreed with a social media post calling for Trump’s impeachment and ⁣claimed Trump’s name appeared in the Epstein files. trump retaliated by calling Musk “CRAZY” and threatening to revoke federal contracts.

One consequence of the falling out may‍ be the sale of the red Tesla Model S that trump acquired earlier in the⁣ year to ⁤demonstrate‍ his support for Musk. According to The New York Times, Trump is planning ⁣to sell the⁣ car, a detail confirmed by a White House official who spoke anonymously.

Tesla stocks, despite a slight ‍increase Friday afternoon, are still down approximately 13% this ⁣week, reflecting the market’s reaction to the ongoing feud and its potential impact on the electric vehicle⁤ company.

What’s next

The ⁢future relationship between Trump and Musk remains uncertain, with potential implications for both the political landscape ‍and Tesla’s market performance.The planned sale of Trump’s Tesla coudl further symbolize the end of their alliance.