Elon Musk’s net worth witnessed a sudden rise after he issued a public apology for harsh comments about Donald Trump. No one predicted the sudden fallout between the two of them. The pair, who joined hands to reshape the federal government through many controversial moves, suddenly became hostile towards each other.
Their relationship deteriorated after the President slashed the electric vehicle tax mandate in his famous “big, beautiful bill.” The situation escalated when the Tesla owner began posting harsh comments about Trump on his X (formerly Twitter) handle.
However, the feud didn’t last long, as Musk has recently hinted at a potential reconciliation. He tweeted, “I regret some of my posts about President @realDonaldTrump last week. They went too far.” In addition, Musk also deleted some of the posts he made about the Republican leader. His apology followed a brief phone call with Trump, indicating that the pair might reunite soon, ending their one-week-long public dispute.
On Thursday morning, Elon removed the tweet linking Trump to Epstein’s files. Similarly, he also deleted the post where he supported the President’s impeachment and replaced him with Vice President JD Vance. Before making the public statement, the SpaceX founder had a phone call with Donald Trump on Monday.
In response to his apology, White House Press Secretary Karoline Leavitt stated that the President is aware of Musk’s message. “[He] is appreciative of it,” Leavitt said. During an interview, Trump himself confirmed that he thought “it was very nice that he [Musk] did that.”
I regret some of my posts about President @realDonaldTrump last week. They went too far.
— Elon Musk (@elonmusk) June 11, 2025
One thing that came out of this very shocking fallout and the subsequent reconciliation is an increase in Elon Musk’s net worth. As soon as Donald Trump accepted the tech mogul’s apology and acknowledged his “grand gesture,” the market responded. Elon’s net worth boomed to a whopping $411.4 billion, as claimed by Forbes’ real-time billionaire tracker.
On Sunday, when the feud was still happening, it plunged to $342 billion. Within days, Elon Musk was able to recover his net worth, enjoying a staggering increase of $191 million.
BREAKING: Elon Musk is now worth $401.4 billion.
• The only individual in the $400B club
• The richest person in the world.
• Projected to become world’s first trillionaire by 2027. pic.twitter.com/PGqHTlOvX7— DogeDesigner (@cb_doge) June 10, 2025
As Donald Trump‘s “first buddy” began criticizing his tax bill, the Republican President spent at least 10 minutes talking about him during a press conference. He commented that Musk was “upset and disturbed” by the slashing of the electric vehicle tax mandate.
“I’m very disappointed because Elon knew the inner workings of this bill better than almost anybody sitting here — better than you people. He knew everything about it. He had no problem with it. All of a sudden, he had a problem, and he only developed a problem when he found out we’re going to have to cut the EV mandate because that’s billions and billions of dollars,” Trump said.
He further slammed Musk, saying that he is suffering from “Trump derangement syndrome” after his special government contract with the administration ended.
