Trump Rejects Peace Offer from Musk and Says He Has ‘Lost His Mind’

Donald Trump rejected a potential peace offer from Elon Musk on Friday and said that he had “lost his mind.” Indeed, the rift between the two deepened on Thursday after a public feud played out across social media, which caused a stir in the political world. And despite reports that Musk wanted to speak with Trump later that day, the president told ABC News that he was “not particularly” interested in talking to him at the moment.

Interestingly, Musk appeared ready to ease tensions. In fact, he indicated that he would reverse a threat to retire SpaceX’s Dragon spacecraft and responded positively to hedge fund billionaire Bill Ackman’s call for peace. In addition, Politico reported that the White House had even planned a call between Musk and Trump to calm things down. However, by Friday, reports suggested that no such call was scheduled anymore, as tensions remained high after Thursday’s exchange.

The dispute began after Musk criticized Trump’s tax and spending bill, which led Trump to threaten to cancel Musk’s government contracts. Musk responded by threatening to retire the Dragon spacecraft, though he later backed off. Meanwhile, Trump posted on Truth Social in a less confrontational tone, saying, “I don’t mind Elon turning against me, but he should have done so months ago.” Unsurprisingly, Politico noted that Trump’s aides were urging him to focus on passing his tax bill rather than fueling the feud. As a result, Trump downplayed the issue by claiming that his poll numbers were “through the roof.”

What Is the Prediction for Tesla Stock?

Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 16 Buys, 10 Holds, and 11 Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSLA price target of $284.37 per share implies 5.7% downside risk.

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