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President Trump expressed continued admiration for Elon Musk on Tuesday, suggesting a potential thaw in their relationship that had soured earlier this year over disagreements on economic and environmental policy.
“Well, I really don’t know. I mean, I like Elon a lot,” Trump said when asked by Fox Business reporter Edward Lawrence whether the tech billionaire was back in his inner circle. The president acknowledged Musk’s valuable endorsement during the 2024 presidential campaign while referencing their policy disagreement that led to their public split.
The once-close partnership between the two high-profile figures deteriorated rapidly in June when Musk began publicly criticizing Trump’s signature legislative package, the “One Big Beautiful Bill.” The comprehensive legislation, which Trump signed into law in July, addresses taxes, immigration, energy policy, defense, and national debt—all key priorities in Trump’s second-term agenda.
Musk had served as the de facto leader of the Department of Government Efficiency (DOGE) in the early months of Trump’s second administration, attending Cabinet meetings regularly and joining the president at public events as a special government employee. His tenure with DOGE concluded at the end of May, shortly before their public falling-out.
Prior to their rift, Musk had been one of Trump’s most visible supporters during the 2024 election cycle, campaigning extensively across battleground states that ultimately supported the Republican candidate over former Vice President Kamala Harris. Trump frequently praised Musk’s efforts at DOGE to identify and eliminate government waste and inefficiencies—initiatives that drew criticism from federal employees and Democratic lawmakers.
Industry analysts point to the breakdown in their relationship stemming from Trump’s energy policies, particularly his opposition to electric vehicle mandates that would directly impact Musk’s Tesla, the world’s leading electric vehicle manufacturer. In June, Trump signed congressional resolutions ending California’s regulations on diesel engines and electric vehicle sales, proudly declaring the action would “kill the California mandates forever.”
During their disagreement, Musk escalated tensions by posting on his social media platform X that Trump’s legislation would lead to the “BIGGEST DEBT ceiling increase in HISTORY.” He also made a personal attack suggesting Trump was mentioned in files related to Jeffrey Epstein, a claim widely regarded as inflammatory.
Despite their public break, the two men have been seen together on several occasions in recent months, suggesting a gradual reconciliation. They were spotted sitting together and conversing at the September memorial service for Turning Point USA founder Charlie Kirk. More recently, Musk attended a White House dinner hosted by Trump for Saudi Crown Prince Mohammed bin Salman on November 18, which included numerous prominent business leaders.
The remarks about Musk came during Trump’s ninth Cabinet meeting of his second term, already matching the total number of full Cabinet meetings held throughout former President Joe Biden’s four-year administration.
The potential rapprochement between Trump and Musk holds significance beyond their personal relationship, as it could influence policy directions in technology, energy, and government efficiency initiatives. Musk controls several companies with significant government contracts, including SpaceX, which plays a crucial role in America’s space program.
Financial markets and industry observers continue to monitor the relationship closely, recognizing the potential impact of either continued tension or renewed cooperation between two of the most influential figures in American business and politics.
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23 Comments
Silver leverage is strong here; beta cuts both ways though.
Good point. Watching costs and grades closely.
Silver leverage is strong here; beta cuts both ways though.
Silver leverage is strong here; beta cuts both ways though.
Good point. Watching costs and grades closely.
Interesting update on Trump Clarifies Relationship with Elon Musk Following ‘Big Beautiful Bill’ Dispute. Curious how the grades will trend next quarter.
Good point. Watching costs and grades closely.
If AISC keeps dropping, this becomes investable for me.
Good point. Watching costs and grades closely.
Interesting update on Trump Clarifies Relationship with Elon Musk Following ‘Big Beautiful Bill’ Dispute. Curious how the grades will trend next quarter.
Good point. Watching costs and grades closely.
Good point. Watching costs and grades closely.
Uranium names keep pushing higher—supply still tight into 2026.
Good point. Watching costs and grades closely.
Exploration results look promising, but permitting will be the key risk.
Interesting update on Trump Clarifies Relationship with Elon Musk Following ‘Big Beautiful Bill’ Dispute. Curious how the grades will trend next quarter.
Good point. Watching costs and grades closely.
Interesting update on Trump Clarifies Relationship with Elon Musk Following ‘Big Beautiful Bill’ Dispute. Curious how the grades will trend next quarter.
Good point. Watching costs and grades closely.
Good point. Watching costs and grades closely.
Silver leverage is strong here; beta cuts both ways though.
Good point. Watching costs and grades closely.
Good point. Watching costs and grades closely.