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Elon Musk expressed regret for some of his recent posts attacking President Trump.
He deleted remarks about Trump's connection to Jeffrey Epstein and that Trump could not have won the election without his support.
Trump warned Musk that he would face "serious consequences" if he supported the Democrats.
Elon Musk admitted on X-platform Tuesday night that his recent posts about President Trump had gone too far. He briefly updated: “I am sorry for last week’s post about Trump.
The president regrets some of his posts, which were indeed too much.”
The controversy stems from a nearly week-long public exchange between the two men, which began with Musk's claim that Trump appeared in Jeffrey Epstein's documents and ended with threats from the White House. Musk's regrets involved two posts he deleted earlier this week: one that linked Trump to Epstein's undeclassified documents and another that said Trump could not have won re-election without his support.
Both posts were deleted, and the standard error page on Platform X replaced them: "Hmm... this page doesn't exist. Try searching for something else." Musk did not explain the reason for the deletion, but the consequences quickly became apparent.
Trump warns of consequences for supporting Democrats
Things escalated quickly. On Thursday, Musk responded to a post calling for Trump to be impeached and replaced by Vice President J.D. Vance by saying "I agree," but the post was also deleted. As of Saturday, the only thing left in Musk's week-long rant was the post expressing regret.
In a phone interview with NBC News, Trump warned Musk that he would face consequences if he supported Democrats in future elections. "If he does that, there will be consequences for it, very serious consequences," he told reporter Kristen Wilke. Trump did not specify what the consequences would be. He also said he had completely broken with Musk: "I gave him a lot of opportunities, long before this happened. I gave him a lot of support in my first administration, and I even saved his career." He added, "I don't plan to talk to him again." When asked if the relationship between the two was over, Trump replied: "I think so." He also accused Musk of "disrespecting the presidency."
JD Vance calls Musk 'emotional'
Vice President J.D. Vance responded to Musk's attack on the "This Past Weekend" podcast on Friday, trying to defuse tensions. "I think Elon Musk made a big mistake," he said. He described Musk as an "emotional person" who lost control due to frustration. Vance's tone was more forgiving, but the message was clear: Musk's behavior crossed a line.
Less than two weeks ago, Trump and Musk had been publicly praising each other. At the time, Musk had just finished leading a government efficiency department created by Trump to focus on cutting federal spending. The two worked closely together, attracting the attention of investors who were interested in Musk's businesses. Now, that alliance appears to have completely broken down.
According to CNBC, the escalation of the conflict stems from Musk's opposition to Trump's new legislative proposal, widely known as the "GREAT Act." Musk criticized the bill for ignoring policies he supports. The White House hit back through Trump's press secretary Carolyn Levitt, who told CNN: "Musk is unhappy with the 'GREAT Act' because it does not include the policies he wants, which is an unfortunate event."
The week of chaos has fueled speculation about the potential impact on Musk’s companies, particularly Tesla and SpaceX, which benefited greatly from Trump’s first term. Musk’s role in the administration helped shape policy on technology and the budget. Now, as partnerships fray and public feuds intensify, investors are watching closely.
Dogecoin surges 6% on apology news
Musk's apology not only caused a political storm, but also set off waves in the cryptocurrency market. Dogecoin (Dogecoin) surged 6% due to the news and once again became the focus of the market. According to the latest data, the price of Dogecoin rose from yesterday's $0.1909 to about $0.2031, the total market value climbed to $30.39 billion, and the 24-hour trading volume surged to $1.57 billion. The significant increase in trading volume indicates that market activity has intensified, but the identity of the buyer seems a bit mysterious.
CryptoQuant's analysis points out that Dogecoin's previous price highs are usually accompanied by high-frequency trading patterns of "ant investors" (small individual retail traders), but this rise does not show this feature. The low trading volume at the recent price bottom (green area) shows that the market may be in a consolidation phase, while the "red area" representing retail enthusiasm near the high point is obviously missing. This raises a key question: If it is not retail investors who are driving the craze, then who is behind it?
