The conflict between Donald Trump and Elon Musk has become a hot topic in recent days. Both participants have publicly exchanged barbs on social media, drawing significant interest from both media and the financial sector.
Trump's Statements on Musk
During a phone interview with ABC News, Donald Trump stated that he is not planning to reach out to Elon Musk, even though Musk may want to. "You mean the man who has lost his mind?" Trump remarked, adding he is not particularly interested in talking to Musk.
Market Reaction
The conflict had significant repercussions on Tesla shares, which plummeted over 14% on Thursday, losing around $150 billion in market capitalization. Early Friday morning saw a brief recovery for Tesla shares based on rumors of a potential conversation between Trump and Musk, but those hopes faded after Trump's comments.
Expert Opinions on the Conflict
Author Ashlee Vance noted that the conflict between such influential figures could potentially be resolved, but significant concessions would be needed from both sides. He expressed skepticism regarding the chances of reconciliation, as neither side shows willingness to soften their stance.
The conflict between Trump and Musk continues to evolve, affecting not only their personal relationship but also the financial performance of Tesla, which may have long-term implications for the companies and their shareholders.
