In a dramatic shift, Elon Musk publicly admitted regret for some of his recent social media attacks on former President Donald Trump, stating his posts "went too far". His comments follow a heated exchange last week when Musk mocked Trump's signature tax-and-spending bill as a "disgusting abomination" and made incendiary allegations - suggesting ties between Trump and Jeffrey Epstein in deleted posts.

The fallout was swift: Musk's X posts triggered a sharp decline in Tesla stock and reportedly wiped out approximately $90 billion of his net worth . Trump's response was equally pointed, accusing Musk of going "crazy" and warning of possible consequences for Tesla and SpaceX .

But now, with Musk owning up to overstepping, markets appear to be stabilizing - Tesla shares climbed 2.5% in pre-market trading following his apology . Political insiders are wondering: is this a genuine olive branch - or just damage control?