President Donald Trump took a break from his bitter public feud with Elon Musk by offering support to Tesla in an early morning post on Truth Social.

Shareholders envisioned a different outcome when Tesla stock surged more than 50% in the aftermath of the November 2024 election of President Donald Trump, then a close ally of Musk. Since a recent peak in December, the majority of those gains have been erased.

Tesla reported another quarter of reduced profits after Elon Musk’s stint in the Trump administration. The president’s tax bill creates new business challenges.

President Trump extended an olive branch to his friend-turned-critic Elon Musk on Thursday, saying he has no intention of crushing his companies, but rather, would like to see them "THRIVE." His comment stands out,

Elon Musk was referring to an earlier post by Donald Trump on Truth Social, which claimed that he wanted the Tesla CEO to “THRIVE”.

Tesla shares plunged as much as 10% in early trading Thursday as investors digested another dismal quarter of car sales – and CEO Elon Musk’s admission that slump may not end anytime soon.

Elon Musk rejected a peace offering from Donald Trump after the president revealed he was not planning to “destroy” the Tesla CEO’s empire. In the midst of an on-again, off-again, explosive public feud that culminated in Musk dropping the bomb that “Donald Trump is in the Epstein files,