Trump is looking to set the record straight on his stance on Elon Musk's companies. The president said he wanted Elon's businesses to "thrive."

Tesla reportedly fired Omead Afshar, its head of North American and European operations, in June following a massive drop in European EV deliveries. Afshar, who joined Tesla in 2017, was just promoted to the position in November. The Wall Street Journal described Afshar as one of Musk's closest confidants at the company.

Elon Musk hit back at President Trump’s claim that he didn’t want to strip the mogul’s companies of his government subisidies. Trump seemingly extended an olive branch after the public falling out between the two by denying reports that he had it out for Musk.

Shareholders envisioned a different outcome when Tesla stock surged more than 50% in the aftermath of the November 2024 election of President Donald Trump, then a close ally of Musk. Since a recent peak in December, the majority of those gains have been erased.

The Trump administration is reportedly looking for alternatives to Musk’s SpaceX as contractor for its Golden Dome missile defense system.

The olive branch comes amid reports that Trump’s name appears in the Epstein files—something Musk previously alluded to.

Elon Musk rejected a peace offering from Donald Trump after the president revealed he was not planning to “destroy” the Tesla CEO’s empire. In the midst of an on-again, off-again, explosive public feud that culminated in Musk dropping the bomb that “Donald Trump is in the Epstein files,

"I want Elon, and all businesses within our Country, to THRIVE".