Elon Musk has become the world&#8217;s first former trillionaire after steep declines in Tesla and SpaceX shares wiped roughly $200 billion from his net worth.
Musk joked about becoming the world&#8217;s first former trillionaire on Friday after his fortune briefly dipped below $1 trillion.
At the height of the SpaceX IPO frenzy, Musk’s fortune hit $1.3 trillion as shares surged from their $135 IPO price to as high as $225 before retreating to <a href="https://finance.yahoo.com/quote/SPCX/">$112</a> on Monday. 
The massive swings are consistent with past IPOs, with new stocks often swinging 30-50% as the market digests excitement and volatility. However, the former trillionaire’s automaker also experienced a massive swing on Wednesday. Tesla <a href="https://www.barrons.com/articles/tesla-stock-price-loses-year-gains-6acf48c3">erased</a> a year of gains when shares fell 18% after the company reported a second-quarter operating profit of $400 million that was well below Wall Street’s expectations of $1.72 billion. 
Stocks tied to Musk tend to be especially volatile because investors are betting on the companies&#8217; potential rather than their current standing. 
Tesla&#8217;s valuation reflects expectations that it will dominate autonomous driving while expanding into robotaxis, Optimus humanoid robots, and artificial intelligence. SpaceX, while a rocket company, is also promising to establish data centers in space, with the company now owning xAI. 
The swings are compounded by the fact that Musk is an unusually active public figure, often posting multiple times a day on his social media platform, X. His comments, product announcements, and political statements can quickly shift investor sentiment and trigger sharp moves in his companies&#8217; stock prices.
Despite the sharp drop from his trillionaire peak, dramatic swings in Musk&#8217;s fortune are par for the course. On June 29, his net worth jumped by more than $60 billion in a single day, and on October 24, he added another $30 billion after Tesla reported stronger-than-expected earnings. With a majority of Musk&#8217;s wealth tied to the market value of his companies, small percentage moves in their stock prices can translate into tens of billions of dollars gained or lost in a matter of seconds.

Elon Musk

Elon Musk Becomes World’s First Former Trillionaire

Business

SpaceX

Tesla

A woman was killed on Friday night after a Tesla crashed into her home in Katy, Texas, authorities said.
Martha Avila, a 76-year-old grandmother, was putting away groceries when the Tesla plowed into her home. Avila was airlifted to a nearby hospital where she later died, the Harris County Sheriff’s Office said.
The doorbell camera captured the Tesla Model 3 driving about 70 mph through the residential neighborhood before speeding across the lawn and crashing into Avila’s brick home. 
<div style="max-width: 728px; margin: 0 auto;">
  <iframe style="aspect-ratio: 16/9; max-width: 100%; width: 100%; margin: 20px auto 5px; border: 0;" src="https://player.mux.com/3ttzYbS7yU0001SgTfCjw2rCg2jX3c8M0001?metadata-video-content-type=embed_video&amp;metadata-video-id=ed0bdda6-d7c9-4310-acba-d7da15bc9e75&amp;metadata-video-stream-type=on-demand&amp;metadata-video-title=2026-06-22%20Tesla%20Crashes%20into%20Home&amp;poster=https%3A%2F%2Fdailywireplus-v2.imgix.net%2Fimages%2Fembedded-videos%2Fa26c3c52-b147-4a3f-961d-6ceddf0aac2b.png&amp;autoplay=false&amp;accent-color=%23DB3D3B&amp;primary-color=%23ffffff&amp;secondary-color=%23000000" allowfullscreen="allowfullscreen"></iframe>
Credit: Jennifer Barbour via Storyful
</div>
Michael Butler, the 44-year-old Tesla driver, said the car was in autopilot mode when it slammed into the house. Butler was also injured and taken to the hospital. He showed no signs of intoxication and cooperated during the investigation, the sheriff’s office said.
Officials are actively investigating the crash and whether the Tesla’s autopilot system was functioning properly. They have not identified what caused the Tesla to veer off the road and crash at high speeds.
The crash left severe structural damage to the house, and the family temporarily relocated to a hotel, according to neighbors. A spokesman for Zehl &amp; Associates, the law firm representing Avila’s family, said they planned on filing a lawsuit.
Tesla CEO Elon Musk responded to a news story about the crash on X, <a href="https://x.com/elonmusk/status/2069161438812278946">writing</a>, “Yes, this makes no sense. [Full self-driving] drives slowly through neighborhood streets and this was a high speed crash!”
Automotive analyst and consumer advocate Lauren Fix <a href="https://nypost.com/2026/06/22/business/disturbing-video-shows-tesla-crash-into-texas-home-killing-grandma-76-in-latest-autopilot-controversy/">told</a> The New York Post that the Friday night crash is one of many concerns regarding Tesla’s self-driving technology.
“The mistake was calling it autopilot,” Fix said. “When someone dies in a car at that kind of speed in a neighborhood … there’s obviously either a software issue … or could be a driver issue.” 
“This remains an active and open investigation,” a Harris County, Texas, Sheriff’s Office spokesman told the Post. “Once all evidence has been gathered, it will be presented to the Harris County District Attorney’s Office to determine whether charges are appropriate.”

WATCH: Insane Video Shows 70 MPH Tesla Slam Into Grandmother’s Home

Car Crash

Death

Texas

Tesla is rolling out its robotaxis in Dallas and Houston, the electric vehicle maker said on Saturday, marking further expansion of its nascent service in the United States since its Austin, Texas, launch last year.
Tesla&#8217;s official robotaxi account on X announced the launch and posted two videos showing its best-selling Model Y SUVs running in the two cities with no human driver or monitor in the front seats.
It posted two map images outlining service boundaries, but did not disclose further details such as fleet size or pricing.
&#8220;Try Tesla Robotaxi in Dallas &amp; Houston!&#8221; CEO Elon Musk said reposting the X post.
Tesla&#8217;s move comes as the robotaxi business has regained momentum with Alphabet&#8217;s Waymo and Amazon&#8217;s Zoox speeding up expansion.
Expanding the robotaxi service and wider adoption of its full self-driving software, a version of which underpins the technology, is key to Tesla&#8217;s growth strategy as Musk has pivoted the company&#8217;s focus to artificial intelligence and robotics from EVs.
Much of the company&#8217;s $1.3 trillion valuation hinges on that bet.
Tesla first deployed a small group of self-driving taxis in an area of Austin with human safety monitors and other restrictions. The company has since widened the service area and started removing the monitors.
Last year, Tesla also started a ride-hailing service in the San Francisco Bay Area. Musk has promised to expand the robotaxi service rapidly in the U.S., but missed earlier predictions of its robotaxis operating widely in multiple U.S. metro areas by the end of 2025.
(Reporting by Anusha Shah in Bengaluru and Abhirup Roy in San Francisco Editing by Nick Zieminski, Rod Nickel)

Tesla Robotaxi

No Driver? No Problem! Tesla Launches Robotaxis In Two Major Cities

Dallas

Economy

Houston

U.S.

Russia’s unveiling of its first AI-powered humanoid robot, named AIdol, at a Moscow technology event took an unexpected turn when the droid lost its balance and fell on stage, scattering parts as handlers rushed to conceal it from view and make repairs. The incident drew laughter from the audience, especially as the robot’s tumble coincided with the triumphant &#8220;Rocky&#8221; theme playing in the background.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Russia presented its human-like AI robot. It fell down as it walked onto the stage. <a href="https://t.co/YAk7w2SsWV">pic.twitter.com/YAk7w2SsWV</a>
&mdash; Anton Gerashchenko (@Gerashchenko_en) <a href="https://twitter.com/Gerashchenko_en/status/1988301955584897142?ref_src=twsrc%5Etfw">November 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
different POV &#8211; broke apart when it fell 👇🥳 <a href="https://t.co/MtNn0PH3YN">pic.twitter.com/MtNn0PH3YN</a>
&mdash; Takeshi Kovacs (@PrzemekShura) <a href="https://twitter.com/PrzemekShura/status/1988331004814336278?ref_src=twsrc%5Etfw">November 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
The Russians unveiled their “competitor” to <a href="https://twitter.com/Tesla_Optimus?ref_src=twsrc%5Etfw">@Tesla_Optimus</a>. 
It didn’t go too well. It was like a robotic version hybrid of a drunk Kamala and a certain autopen president. <a href="https://t.co/aUc7hduNml">pic.twitter.com/aUc7hduNml</a>
&mdash; Chaya’s Clan (@ChayasClan) <a href="https://twitter.com/ChayasClan/status/1988389208516592089?ref_src=twsrc%5Etfw">November 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&nbsp;
The incident, widely circulated by Russian and international media, highlighted both the ambition and current limitations of Russia’s robotics sector, which aspires to compete in the global AI humanoid race dominated by Western and Asian firms.​ AIdol, built by the Russian firm Idol under the leadership of CEO Vladimir Vitukhin, is designed to demonstrate the possibilities of embodied artificial intelligence: movement, object manipulation, and human-like interaction.
It features a silicone skin engineered to express more than a dozen basic emotions and hundreds of micro-expressions, powered by 19 servomotors. Developers emphasize its domestic content — 77% of its components are Russian-made, with a goal of reaching 93% — and robust hardware, including a 48-volt battery that offers up to six hours of continuous operation.
However, during its debut, a calibration error caused the fall, which Vitukhin described as a necessary learning experience in the robot’s ongoing test phase. The team addressed the mishap with optimism, expressing hope that such mistakes would drive future refinement of balance systems and control software.
Public response to AIdol’s tumble was swift and often satirical. The video went viral, with viewers — particularly Americans — mocking the incident with quips such as “Walks like Kamala Harris,” “Vodka powered,” and “Russia, where even the robots are drunk.”
While some commenters saw humor in the mishap, others saw it as an indicator of the challenges developers face as they transition humanoid robots from laboratory prototypes to robust real-world systems. Analysts point out that this blunder is reminiscent of previous embarrassing robot unveilings and serves as a reminder of ongoing hurdles — ensuring stability, safety, and reliability under public scrutiny remains an unresolved issue.​
In contrast, the event highlights Tesla’s Optimus project, which is advancing rapidly in 2025. Tesla has begun construction of a dedicated factory for Optimus at its global headquarters in Texas, with plans to produce up to 10 million units per year by 2027. The third-generation Optimus robots are slated to launch in early 2026, promising major technological leaps: advanced human-like manipulation, autonomous learning from direct observation of humans (“sim2real” training), and broad application across industries and homes.
Tesla co-founder Elon Musk’s vision for Optimus is transformative — he expects mass deployment to revolutionize labor markets, eliminate poverty, and add trillions in economic value. Each Optimus unit, projected to cost around $20,000, is seen as a future staple in factories, healthcare, and society at large, with the robot able to mimic skills by watching humans or tutorials.

robot stands on a fallen question mark

WATCH: Russian Robot Meant To Rival Tesla Faceplants At Debut. It Wasn’t The Vodka.

Artificial Intelligence

Robots

Russia

Technology

World

WASHINGTON — A group representing nearly all major automakers asked the Trump administration Tuesday to roll back aggressive vehicle emissions limits that seek to force the industry to build a rising number of electric vehicles.
The Alliance for Automotive Innovation, which represents General Motors, Toyota Motor, Volkswagen, Hyundai, and other major automakers, said in a filing with the Environmental Protection Agency that legislation signed by President Donald Trump in June will increase the effective price of EVs and could lead to a near-term decline in EV market share.
They argue that rules finalized last year under President Joe Biden are no longer feasible.
&#8220;The 2027 and later standards are simply not achievable in light of significant market, charging infrastructure, supply chain, affordability, and other challenges as well as recent policy changes enacted,&#8221; the group said.
The 2024 Biden rules aim to cut passenger vehicle fleetwide tailpipe emissions by nearly 50% by 2032 compared with 2027 projected levels. The EPA forecast between 35% and 56% of new vehicles sold between 2030 and 2032 would need to be electric.
On Sept. 30, the $7,500 EV tax credit expires, and automakers warn that &#8220;a significant portion&#8221; of automakers may lose a battery production tax credit for EVs typically worth $3,000 per year next year under the law.
&#8220;This harms not only the automotive manufacturers that have spent hundreds of millions of dollars investing in electric vehicle technology, but also the entire supply chain that has supported these initiatives,&#8221; the group said.
In July, the EPA proposed rescinding the long-standing finding that greenhouse gas emissions endanger human health, removing the legal foundation for all U.S. greenhouse gas regulations, a move that would end current limits on greenhouse gas pollution from vehicle tailpipes.
Democrats in Congress and environmental groups have called on the EPA to drop its plan and retain the rules.
Automakers argue the EPA should still rewrite the Biden rules, saying they &#8220;still need to be revised to feasible levels to provide certainty for the industry.&#8221; The group said &#8220;such a contingency plan will be critical if motor vehicle GHG standards are retained or reinstated in some way.&#8221;
(Reporting by David Shepardson, Editing by Franklin Paul and Nick Zieminski)

Cars ride in traffic along the I5 freeway is shown in Los Angeles, California

Major Automakers Call For EPA To Ease Tailpipe Emissions Rules

Automobiles

Cars

Climate Change

Donald Trump

General Motors

Tesla must face a certified class action by California drivers who said Elon Musk misled them for eight years about the self-driving capabilities of his company&#8217;s electric vehicles.
U.S. District Judge Rita Lin said the common question of whether Tesla lacked sensors to achieve high-level autonomy, plus its inability to &#8220;demonstrate a long-distance autonomous drive with any of its vehicles,&#8221; justified group lawsuits by two sets of drivers who purchased its Full Self-Driving technology package.
In her decision on Monday, the San Francisco-based judge also said thousands of people likely saw Tesla&#8217;s claim in the &#8220;Autopilot&#8221; section of its website from October 2016 to August 2024 that its vehicles contained hardware for full self-driving.
Tesla made a similar claim in a blog post, newsletter, and quarterly earnings call, as did Musk at a 2016 press conference.
&#8220;While these channels alone may not ordinarily be enough to establish class-wide exposure for a traditional car manufacturer, Tesla&#8217;s distinctive advertising strategy warrants a departure from the typical approach,&#8221; Lin wrote.
Tesla does not use mass advertising or independent dealers, and Lin said it was reasonable to infer that class members interested in Full Self-Driving technology went to Tesla&#8217;s website to get information.
Lawyers for Tesla did not immediately respond to requests for comment on Tuesday.
The Austin, Texas-based company had said it was unreasonable to assume all class members saw the challenged statements, and there was no common proof that the statements were material.
Class actions can allow larger recoveries at lower cost than if plaintiffs were forced to sue individually.
The California classes include drivers who bought the Full Self-Driving package from May 19, 2017, to July 31, 2024, and opted out of Tesla&#8217;s arbitration agreement, and drivers who bought the package from October 20, 2016, to May 19, 2017.
Lin refused to certify a class of drivers who bought Tesla&#8217;s Enhanced Autopilot package because its &#8220;core product qualities&#8221; did not require full self-driving functionality, making Tesla&#8217;s alleged false statements immaterial to purchasing decisions.
Federal officials have examined whether Tesla&#8217;s full self-driving software is safe. The software is also a key component of Tesla&#8217;s robotaxis.
The case is In re Tesla Advanced Driver Assistance Systems Litigation, U.S. District Court, Northern District of California, No. 22-05240.
(Reporting by Jonathan Stempel in New York; Editing by Mark Porter)

Tesla Logo

Tesla Drivers Can Pursue Class Action Over Self-driving Claims, Judge Rules

Lawsuit

Self-driving

A jury in Miami found that Tesla was partly to blame for a fatal 2019 crash that killed a young woman and severely wounded her boyfriend. It was the first federal trial involving a fatal crash linked to Tesla&#8217;s Autopilot mode.
The verdict, which came down on Friday, found that Tesla and its self-driving technology were 33% responsible for the crash, with the remainder of the blame falling on the driver, George Brian McGee, The New York Times <a href="https://www.nytimes.com/2025/08/01/business/tesla-autopilot-federal-trial-verdict.html">reported</a>. Tesla could be forced to pay as much as $243 million to the parents of the deceased woman, Naibel Benavides, and her boyfriend, Dillon Angulo — but Elon Musk&#8217;s electric vehicle company said it would appeal the jury&#8217;s verdict.
“Today’s verdict is wrong and only works to set back automotive safety and jeopardize Tesla’s and the entire industry’s efforts to develop and implement lifesaving technology,” Tesla said.
“Florida law is explicit that punitive damages have been all but eliminated in product liability cases such as this one,” the company added. “We are confident that the punitive damage award at a minimum, and likely this whole verdict, will be overturned by the appellate court.”
The crash at the center of the case took place on April 25, 2019, when McGee was driving his Tesla Model S near Key Largo, Florida, and blew through an intersection at 62 mph, crashing into a black SUV that was legally parked on the side of a dirt road near the intersection. The Tesla was in Autopilot mode at the time of the crash, but McGee had his foot on the accelerator, which overrides Autopilot mode. Before he reached the intersection, McGee dropped his phone and bent down to look for it, and told police that he did not see the intersection or the stop sign.
McGee said on the stand that he thought Tesla&#8217;s Autopilot mode would protect him from a crash.
Lawyers representing the plaintiffs in the federal trial argued that Musk and Tesla have exaggerated Tesla&#8217;s Autopilot technology.
“The Tesla car is a good car,” attorney Brett Schreiber said, according to the <a href="https://www.miamiherald.com/news/local/community/florida-keys/article311553847.html">Miami Herald</a>. “It’s the Autopilot that will kill you.”
During the trial, Schreiber also quoted Musk, who has said that Tesla&#8217;s autopilot system is safer than a human driver.
Tesla&#8217;s lawyers pinned the entire blame for the crash on McGee, who was on his phone for 13 minutes before the crash, and was driving at varying speeds. Joel Smith, a lawyer representing Tesla, said McGee was &#8220;reckless&#8221; and &#8220;aggressive,&#8221; adding that “no car could have prevented” the crash. Smith also pointed to Tesla&#8217;s owner&#8217;s manual, which states, “It is the drivers’ responsibility to stay alert, drive safely and be in control of the vehicle.”
The jury&#8217;s verdict comes as Tesla looks to roll out self-driving robotaxis on American streets. The first robotaxis <a href="https://www.dailywire.com/news/tesla-shares-soar-after-first-robotaxis-hit-the-road">hit the road</a> for testing in Austin, Texas, in June.

Tesla Faces $243 Million Verdict In Lawsuit Over Fatal 2019 Autopilot Crash

Courts

Florida

Miami

(Reuters) — Tesla shares jumped 10% on Monday after the electric-vehicle maker started testing its long-awaited robotaxi service, a key step toward proving the technology that CEO Elon Musk has for years touted as a crucial driver of its lofty valuation.
The automaker deployed a small fleet of self-driving taxis in Austin, Texas, on Sunday, marking the first time its cars have carried paying passengers without human drivers. The rides were being offered for a flat fee of $4.20 in a limited zone.
The trial&#8217;s success is crucial for Tesla as Musk has pivoted the company to self-driving cars and robots, shelving plans for mass-market dominance in the EV space as Chinese competition heats up and demand slows for its aging line-up of models.
&#8220;It was a comfortable, safe, and personalized experience,&#8221; said Wedbush Securities analyst Dan Ives, who took multiple robotaxi rides on Sunday and has long been a Tesla bull.
&#8220;There was a moment where we drove up a narrow road going up a hill with cars parked on both sides with oncoming traffic and people opening their car doors into the road and the robotaxi masterfully maneuvered with patience and safety.&#8221;
Many social-media influencers also posted videos of their first rides on X, showing the cars navigating busy city streets by slowing down and making room for incoming traffic.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<a href="https://t.co/3GbQ9sZA2O">https://t.co/3GbQ9sZA2O</a>
&mdash; Tesla (@Tesla) <a href="https://twitter.com/Tesla/status/1937076639504236728?ref_src=twsrc%5Etfw">June 23, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Still, the tightly controlled trial — with about 10 vehicles and front-seat riders acting as &#8220;safety monitors&#8221; &#8211; is just the first step in what could be a years-long process of scaling up the service, according to some industry experts.
Musk said that he aims to get &#8220;hundreds of thousands, if not over a million Teslas doing self-driving in the U.S.&#8221; by the end of next year.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
ELON MUSK:“By the end of next year, we&#39;ll have hundreds of thousands, if not over a million Teslas doing self-driving in the US.” <a href="https://t.co/q4EkaxSggI">pic.twitter.com/q4EkaxSggI</a>
&mdash; Dima Zeniuk (@DimaZeniuk) <a href="https://twitter.com/DimaZeniuk/status/1936795466575810739?ref_src=twsrc%5Etfw">June 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Tesla, as well as rivals including Google-backed Waymo, have faced federal investigations and recalls following collisions.
Industry experts have questioned the efficacy of Tesla&#8217;s self-driving technology that depends mostly on cameras and AI, without redundant sensors such as lidar and radar, claiming fog, heavy rain and glaring sunlight can hamper safety.
The company will also have to navigate a new Texas law taking effect September 1 that requires a state permit for self-driving vehicles and reflects bipartisan calls for a cautious roll-out.
If Monday&#8217;s gains hold, Tesla — the world&#8217;s most valuable automaker — will add nearly $100 billion to its market value of about $1 trillion. The stock has declined about 12% so far this year, after the company faced criticism and <a href="https://www.dailywire.com/news/fbi-issues-warning-over-left-wing-terrorist-attacks-against-tesla">threats</a> over Musk&#8217;s role in the Trump administration and his backing of right-wing political movements in Europe.
Still, Tesla trades at nearly 149 times forward earnings estimates, far above auto rivals such as Ford Motor at 9.3 and tech giants including Microsoft at 31.6.
(Reporting by Aditya Soni in Bengaluru; Editing by Anil D&#8217;Silva)

FILE PHOTO: Tesla robotaxis launch in Austin, Texas

Tesla Shares Soar After First Robotaxis Hit The Road

Austin

Auto Companies

President Donald Trump on Friday night took numerous questions from the press about the rift with billionaire Elon Musk, who recently <a href="https://www.dailywire.com/news/elon-musk-goes-after-trump-over-epstein-files-time-to-drop-the-really-big-bomb" target="_blank" rel="noopener">attacked</a> Trump on his social media platform, X.
The president repeatedly said he hopes Musk&#8217;s company Tesla does well and praised Musk&#8217;s brainchild, the Department of Government Efficiency (DOGE), but said he&#8217;s &#8220;not really interested&#8221; in working toward reconciliation.
&#8220;There are efforts &#8212; I&#8217;ve been asked about it,&#8221; Trump said of outsiders trying to get the pair back together. &#8220;But I&#8217;m not really interested in it. I&#8217;m really interested in the country and solving problems, including war problems in very far away lands.&#8221;
Trump also said he&#8217;ll look at potentially canceling government contracts with Musk&#8217;s companies, only if it&#8217;s &#8220;fair.&#8221;
&#8220;We’ll take a look at everything. He gets a lot of subsidy, so we&#8217;ll take a look at that — only if it’s fair for him, and for the country, I would certainly think about it, yeah. But it has to be fair,&#8221; the president said. “I hope he does well with Tesla. I just wish him well.&#8221;
<a href="https://get.dailywire.com/gift/?utm_medium=website&amp;utm_source=wisepops&amp;utm_campaign=dad&amp;utm_content=fathersdaygiftpopups" target="_blank" rel="noopener">Gift Dad an All Access Membership. Use code DAD40 at checkout to save 40%!</a>
Trump made a similar statement on Truth Social, <a href="https://www.teslarati.com/spacex-decommission-dragon-spacecraft-in-response-to-pres-trump-war-of-words-elon-musk/" target="_blank" rel="noopener">writing</a>, &#8220;The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts. I was always surprised that Biden didn’t do it!”
On reports of Musk&#8217;s alleged drug use, POTUS took to hitting the media. “I don’t want to comment on his drug use, I don&#8217;t know what his status is,&#8221; he said. &#8220;I read an article in The New York Times &#8212; I thought it was, frankly, it sounded very unfair to me.”
This past week, White House Press Secretary Karoline Leavitt said Musk’s statements on Trump were a reaction to not getting what he wanted in the reconciliation bill.
“This is an unfortunate episode from Elon,” she said in a <a href="https://www.dailywire.com/news/white-house-responds-to-elon-musk-epstein-claims-an-unfortunate-episode-from-elon" target="_blank" rel="noopener">statement to The Daily Wire</a>, “who is unhappy with the One Big, Beautiful Bill because it does not include the policies he wanted.”
“The president is focused on passing this historic piece of legislation and making our country great again,” Leavitt added.
WATCH:
<blockquote class="twitter-tweet" data-media-max-width="560">
Trump just answered a lot of questions tonight about Elon, as well as his companies. Here were his responses to each question:
Trump tonight on Elon Musk: “I hope he does well with Tesla. I just wish him well.”
Trump on if he will cancel Elon’s companies government contracts:… <a href="https://t.co/2jnaYtmQXj">pic.twitter.com/2jnaYtmQXj</a>
— Sawyer Merritt (@SawyerMerritt) <a href="https://twitter.com/SawyerMerritt/status/1931170672706760942?ref_src=twsrc%5Etfw">June 7, 2025</a></blockquote>
Related: <a href="https://www.dailywire.com/news/white-house-responds-to-elon-musk-epstein-claims-an-unfortunate-episode-from-elon" target="_blank" rel="noopener">White House Responds To Elon Musk Epstein Claims: ‘An Unfortunate Episode From Elon’</a>

Donald Trump and Elon Musk

‘Not Really Interested’: Trump Talks Elon Rift, Drug Use, And Possible Reconciliation

Department of Government Efficiency (DOGE)

Executive

Politics

WASHINGTON—President Donald Trump is considering selling the Tesla he bought from Elon Musk, The Daily Wire has learned.
Musk has repeatedly asked to meet with the president on Friday, a senior White House office said, following his very public and dramatic outburst on X on Thursday, when he repeatedly criticized the president and accused him of covering up the Jeffrey Epstein files to protect himself.
Trump, the official shared with The Daily Wire, is focused on getting the &#8220;One Big Beautiful Bill&#8221; passed and does not plan to speak with Musk on Friday. He&#8217;s also considering selling the red Tesla that he bought from Musk in March, when Tesla delivered five of its cars to the White House for Trump to inspect — which he did, with Musk by his side.
As of Friday morning, the Tesla is parked outside the White House. It is an all-wheel-drive red Model S Plaid that was previously listed on the Tesla website for $88,490.
<div id="attachment_930359" style="width: 778px" class="wp-caption alignnone"><a href="https://www.dailywire.com/news/trump-considers-selling-his-tesla-as-elon-musk-begs-for-meeting/tesla-2" rel="attachment wp-att-930359"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-930359" class="wp-image-930359 size-large" src="https://dw-wp-production.imgix.net/2025/06/Tesla-768x576.jpeg" alt="President Trump's Tesla sits outside the White House on Friday, June 6." width="768" height="576" srcset="https://dw-wp-production.imgix.net/2025/06/Tesla-768x576.jpeg 768w, https://dw-wp-production.imgix.net/2025/06/Tesla-300x225.jpeg 300w, https://dw-wp-production.imgix.net/2025/06/Tesla-1536x1152.jpeg 1536w, https://dw-wp-production.imgix.net/2025/06/Tesla.jpeg 2048w" sizes=" (max-width: 768px) 100vw, 768px" /></a>President Trump&#8217;s Tesla sits outside the White House on Friday, June 6.</div>
POLITICO reported Thursday that White House aides were urging the president to avoid escalating the fight with Musk, urging the president to take a phone call from the billionaire CEO. During a phone call with ABC News Chief Washington Correspondent Jonathan Karl on Friday morning, Trump said that he was &#8220;not particularly&#8221; interested in talking to Elon.
The president also told CNN: “I won’t be speaking to [Musk] for a while I guess, but I wish him well.”
“I’m not even thinking about Elon,” Trump added. “He’s got a problem. The poor guy’s got a problem.”

President Trump Speaks Alongside Tesla Vehicles At The White House

Trump Considers Selling His Tesla As Elon Musk Presses For Meeting

President Donald Trump said Friday morning that he&#8217;s &#8220;not particularly&#8221; interested in speaking with Elon Musk after the massive blowup between the two former allies on Thursday.
Musk signaled his interest in smoothing things over with Trump Thursday night when he replied to an X <a href="https://x.com/BillAckman/status/1930738907081331040">post</a> from billionaire Trump supporter Bill Ackman calling for Trump and Musk to &#8220;make peace for the benefit of our great country.&#8221;
&#8220;You&#8217;re not wrong,&#8221; the Tesla and SpaceX CEO <a href="https://x.com/elonmusk/status/1930798791806050496">replied</a>.
According to <a href="https://www.politico.com/news/2025/06/05/trump-white-house-aides-signal-a-possible-detente-with-musk-00391502">POLITICO</a>, White House aides urged the president to avoid escalating the fight with Musk and scheduled a phone call with Musk for Friday. Trump, however, doesn&#8217;t appear ready to take that step, <a href="https://x.com/jonkarl/status/1930953493797273708?s=46&amp;t=o-U3qwC25WnWaylJ0oeG7Q">telling</a> ABC News Chief Washington Correspondent Jonathan Karl in a phone call Friday morning that while Musk wants to talk, the president is &#8220;not particularly&#8221; interested in a discussion. Karl added that Trump didn&#8217;t &#8220;seem angry or even concerned about the feud.&#8221;
Trump <a href="https://www.cnn.com/2025/06/06/politics/donald-trump-elon-musk-rift">told</a> CNN Friday morning, &#8220;I won’t be speaking to [Musk] for a while I guess, but I wish him well.”
“I’m not even thinking about Elon,&#8221; Trump added. &#8220;He’s got a problem. The poor guy’s got a problem.”
Just hours earlier, Trump said he was &#8220;very disappointed&#8221; with Musk for his comments on the &#8220;Big, Beautiful Bill,&#8221; sparking a back-and-forth between the two titans on social media, culminating in Musk <a href="https://www.dailywire.com/news/elon-musk-goes-after-trump-over-epstein-files-time-to-drop-the-really-big-bomb?topStoryPosition=undefined&amp;author=Daniel+Chaitin&amp;category=News&amp;elementPosition=4&amp;row=1&amp;rowHeadline=Top+Stories&amp;rowType=Top+Stories&amp;title=Elon+Musk+Goes+After+Trump+Over+Epstein+Files%3A+%E2%80%98Time+To+Drop+The+Really+Big+Bomb%E2%80%99">accusing</a> Trump of sitting on the Epstein Files because he is implicated in them, and Trump <a href="https://www.dailywire.com/news/trump-says-musk-just-went-crazy-threatens-his-governmental-subsidies-and-contracts">threatening</a> to strip Musk&#8217;s companies of government subsidies and contracts.
In a Truth Social post, the president rebuked his former senior adviser, <a href="https://www.dailywire.com/news/trump-says-musk-just-went-crazy-threatens-his-governmental-subsidies-and-contracts">saying</a> that Musk &#8220;just went CRAZY.&#8221;
<a href="https://get.dailywire.com/gift/?utm_medium=website&amp;utm_source=wisepops&amp;utm_campaign=dad&amp;utm_content=fathersdaygiftpopups" target="_blank" rel="noopener">Gift Dad an All Access Membership. Use code DAD40 at checkout to save 40%!</a>
“Elon was ‘wearing thin,’ I asked him to leave, I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!” the president posted.
“The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts,” he added in a follow-up. “I was always surprised that Biden didn’t do it!”
Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/114632555927229642">added</a> later on Thursday night, &#8220;I don’t mind Elon turning against me, but he should have done so months ago.&#8221;
&#8220;This is one of the Greatest Bills ever presented to Congress,&#8221; he added, referring to his &#8220;Big, Beautiful Bill.&#8221; &#8220;It’s a Record Cut in Expenses, $1.6 Trillion Dollars, and the Biggest Tax Cut ever given. If this Bill doesn’t pass, there will be a 68% Tax Increase, and things far worse than that. I didn’t create this mess, I’m just here to FIX IT. This puts our Country on a Path of Greatness. MAKE AMERICA GREAT AGAIN!&#8221;
Musk&#8217;s main <a href="https://www.dailywire.com/news/trump-says-hes-very-disappointed-with-elon-musk-fires-back?author=Zach+Jewell&amp;category=News&amp;elementPosition=2&amp;row=0&amp;rowType=Vertical+List&amp;title=Trump+Says+He%E2%80%99s+%E2%80%98Very+Disappointed+With+Elon%E2%80%99%3B+Musk+Fires+Back">criticism</a> of Trump&#8217;s key piece of legislation centers on the federal deficit and government waste, issues that Musk believes must be immediately addressed. The Tesla CEO denied that the bill&#8217;s lack of EV tax credits played a part in his opposition to it.
“Whatever. Keep the EV/solar incentive cuts in the bill, even though no oil &amp; gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill,&#8221; Musk said in response to Trump&#8217;s comments.
Trump also told reporters that he “would have won Pennsylvania regardless of Elon,” a comment <a href="https://www.dailywire.com/news/musk-floats-creating-a-new-political-party-amid-fallout-with-trump?author=Zach+Jewell&amp;category=News&amp;elementPosition=1&amp;row=0&amp;rowType=Vertical+List&amp;title=Musk+Floats+Creating+%E2%80%98A+New+Political+Party%E2%80%99+Amid+Fallout+With+Trump">sparking the ire</a> of Musk, who shot back on X, writing, &#8220;Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate.&#8221;
Musk was Trump&#8217;s top campaign donor in the 2024 election, spending at least $277 million and launching an aggressive operation in Pennsylvania, a swing state Trump won by roughly 1.7 percentage points.
&#8220;Such ingratitude,&#8221; Musk added.

Donald Trump/Elon Musk

Musk Signals He’s Open To Speaking With Trump, But President ‘Not Particularly’ Interested

Bill Ackman

Celebrities

Trump Administration

White House

On Thursday, President Donald Trump <a href="https://www.dailywire.com/news/trump-says-hes-very-disappointed-with-elon-musk-fires-back" target="_blank" rel="noopener">railed</a> against Elon Musk over the “One Big, Beautiful Bill,” pinning the tech billionaire&#8217;s opposition to its plan to phase out federal electric vehicle tax credits. But is it really to blame?
Musk, whose Tesla company sells electric vehicles, “only developed the problem [with the bill] when he found out we’re going to have to cut the EV mandate because that&#8217;s billions and billions of dollars,&#8221; Trump <a href="https://x.com/theblaze/status/1930659597905170561" target="_blank" rel="noopener">told</a> reporters at the White House.
&#8220;And it really is unfair,&#8221; Trump said. &#8220;We want to have cars of all types — electric — we want to have electric, but we want to have gasoline combustion. We want to have different — we want to have hybrids. &#8230; We want to be able to sell everything.&#8221;
The bill accelerates the phase-out of the $7,500 consumer tax credit for electric vehicles from December 31, 2032, to the end of this year. It also outlines terms for a one-year reprieve, but Tesla has already surpassed the 200,000 sales cap to qualify.
In response to Trump, Musk declared that he does not care whether the bill retains cuts for credits on electric vehicles — as well as solar, which is expected to impact the Tesla Energy division with its solar panels and battery storage products.
&#8220;Keep the EV/solar incentive cuts in the bill, even though no oil &amp; gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill,&#8221; Musk <a href="https://x.com/elonmusk/status/1930660788739698878" target="_blank" rel="noopener">said</a> in a post on X.
He added, &#8220;In the entire history of civilization, there has never been legislation that both big and beautiful. Everyone knows this! Either you get a big and ugly bill or a slim and beautiful bill. Slim and beautiful is the way.&#8221;
<a href="https://get.dailywire.com/gift/?utm_medium=website&amp;utm_source=wisepops&amp;utm_campaign=dad&amp;utm_content=fathersdaygiftpopups" target="_blank" rel="noopener">Gift Dad an All Access Membership. Use code DAD40 at checkout to save 40%!</a>
Musk also <a href="https://x.com/elonmusk/status/1930680655173882078" target="_blank" rel="noopener">tagged</a> the president in another post, asking if he remembered their joint appearance outside the White House in March, when Trump <a href="https://www.youtube.com/watch?v=qc-p9zG00G8" target="_blank" rel="noopener">praised</a> Musk for not complaining that he &#8220;ended&#8221; the EV mandate.
In a post from &#8220;Tesla Owners Silicon Valley,&#8221; Musk is seen in an old video <a href="https://x.com/teslaownersSV/status/1930683013257634170" target="_blank" rel="noopener">interview</a> claiming the tax credits actually pose a &#8220;competitive disadvantage&#8221; for Tesla in comparison to companies that might sell EVs for a much lower price.
Last week, as Musk was ending his time helping to oversee the Department of Government Efficiency (DOGE) effort, he started to harshly criticize the legislation — focusing on how it is estimated to inflate the national debt, not the EV credits.
Despite the attack on the bill, Musk appeared with Trump in the Oval Office on Friday, getting a warm send-off after completing his stint as a special government employee. &#8220;Elon&#8217;s really not leaving,&#8221; Trump <a href="https://x.com/DailyMail/status/1928568349606215888" target="_blank" rel="noopener">said</a>. &#8220;He&#8217;s going to be back and forth, I think.&#8221;

Menu