Elon Musk has apologized for his comments on Donald Trump. Musk had claimed that Trump's name was in the Epstein files. Trump has accepted Musk's apology.

By becoming Trump's enemy, Elon Musk had taken a huge risk to his business empire.

The ongoing dispute between US President Donald Trump and Elon Musk now seems to be coming to an end. Elon Musk has now apologized for his comments on Trump. Elon Musk has shared a post on X saying that whatever happened was too much. He wrote, "I regret some of the posts shared about President Donald Trump last week. Things went too far." Musk shared several shocking posts last week. In an X post, he made a sensational claim that Trump's name is in the Epstein Files. However, the Tesla CEO later deleted this post.

Epstein Files are the documents that the police received from Jeffrey Epstein, who was accused of sexually assaulting many women. These include the names and contact lists, call records and chats, videos etc. of those to whom Epstein had provided minor girls for sexual exploitation. Elon Musk's claim that Trump's name was also in the Epstein Files had created a ruckus in American politics. But, now after Elon Musk suddenly apologized to President Trump, the question that arises is why did Elon Musk apologize to Trump?

Why did Elon Musk apologize?

Now that Elon Musk has publicly apologized, the dispute between Trump and the Tesla CEO seems to be coming to an end. The White House has said that US President Donald Trump has accepted the apology sought by Tesla CEO Elon Musk for his recent comments. White House Press Secretary Caroline Levitt confirmed this and said that the Trump administration has not yet taken any steps to start a review of Musk's government contracts.

In fact, Elon Musk had taken a huge risk for his business empire by becoming Trump's enemy. It was being feared that Donald Trump would definitely do something that would cause huge losses to Musk's business. If Donald Trump turns the government machinery against Elon Musk, then his companies may be ruined. In fact, Elon Musk's companies - Tesla, SpaceX and X are associated with the US government.

Elon Musk quickly accepted the truth

Elon Musk's companies have got 100 contracts worth about 25 thousand crores from 17 government agencies of America. If Trump breaks these contracts, Musk will suffer a lot. Trump has also hinted towards this. Recently, he wrote on Twitter, "Ending government contracts with companies like Tesla and SpaceX is the easiest way to cut the budget."

For Elon Musk, a confrontation with US President Donald Trump could prove costly. Trump could revoke Musk's Top Secret Security Clearance, which is extremely important for his space company SpaceX. This clearance is mandatory for sensitive projects related to NASA and the US Defense Ministry. If this clearance is revoked, Musk's government deals could be in danger.

Along with this, the US regulatory agencies may also keep a close watch on Musk's companies. The US telecom regulator FCC may review Starlink's spectrum license, while the FDA may show strictness on Neuralink's medical trials. Environmental agency EPA may investigate SpaceX's environmental standards. The FAA i.e. Federal Aviation Administration may tighten the process of issuing launch permits. Legal investigation may also intensify in Musk's acquisition of social media platform X (formerly Twitter).

Tesla faces $1.2 billion loss due to end of subsidy

Tesla gets a huge benefit from the subsidies given on electric vehicles in the US and other countries. But if Trump decides to stop EV subsidies, Tesla could suffer a loss of about $1.2 billion.

Danger looms over Robotaxi project

Tesla's upcoming big project is Robotaxi, whose testing is going to start soon. This project is very important for the company, because Tesla's EV sales are already falling in many markets. The National Highway Transportation Safety Administration (NHTSA) has already demanded data related to its technology from Tesla.

Carbon credit business is also in trouble

Tesla's carbon credit business may also be in danger. The company sells these credits to car manufacturers who do not follow environmental standards. In the first quarter of 2025, Tesla earned $595 million from this business. But Trump-supporting Republican lawmakers have made such amendments in the budget bill that there will be no penalty for not following fuel standards in the future. This can cause huge financial losses to Tesla.

PC: News18