Elon Musk Says He Regrets Posts Against Trump
Elon Musk is attempting to end his clash with President Donald Trump, after he said in an X post on Wednesday that his comments went 'too far.'Early Wednesday morning, Musk wrote, '"I regret some of my posts about President @realDonaldTrump last week. They went too far."Musk refers to an earlier post, now deleted, where he alleged that Trump was associated with Jeffrey Epstein. Trump and Musk have been feuding over a proposed budget reconciling legislation that Trump called the 'big beautiful bill.' Musk said before he left the White House that he was "disappointed" by the bill because it would increase the deficit.
On X, Musk continued to criticize Trump, saying his tariffs "will cause a recession in the second half of this year" and accusing him of lying. He also said it was "very unfair" that the legislation would eliminate tax incentives for electric vehicles.The Associated Press reported that Trump responded to try to maintain support for the bill. "I don't mind Elon turning against me, but he should have done so months ago," Trump posted. "This is one of the Greatest Bills ever presented to Congress."Trump on Sunday told NBC's Kristen Welker that he does not want to fix his relationship with Musk, warning that he could face "serious consequences" if he attempts to help Democrats in upcoming elections.
This story was originally reported by L.A. Mag on Jun 11, 2025, where it first appeared.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
10 minutes ago
- Yahoo
Some good inflation news: Car insurance is falling back in line
Economists are busy hunting for signs of tariff-induced price hikes in the monthly inflation data. They may be overlooking some good news, which is that a surge in the cost of car insurance is finally abating. The cost of owning a car has soared during the last few years, with drivers absorbing hits from all angles. The average cost of a new car is now $49,000, and Trump's tariffs will likely push that well above $50,000. As new cars get costlier, so do used cars. Fancy new technology and other factors, meanwhile, have raised the cost of parts, repairs, and maintenance. But the biggest jump has been in the cost of insurance, up 60% during the last five years, to an average monthly premium of about $213. A bill that was once an afterthought now totals nearly $3,000 per year, and a lot more for some vehicles and drivers. Read more: 6 steps to find cheap car insurance in 2025 Relief is on the horizon. In April 2024, the annual rate of car inflation peaked at 23%. It's now at a much tamer 5.3%, and the lower annual price hikes are likely to stick. Insurance is different from most other products and services people buy. Drivers buy insurance only once or twice per year, with the monthly premium set for the duration of the policy. Insurers set premiums based on car-pricing data that also has a lag. They must also deal with regulators who may resist premium hikes that are too steep. The recent surge in car insurance premiums dates to the first days of the COVID pandemic in 2020. Supply chain disruptions, such as a lack of semiconductors, sent new car prices higher, with used car prices soaring as buyers priced out of the new market shopped used. That means the replacement cost of a vehicle totaled in a wreck went way up. All the digital technology on new cars, such as cameras, sensors, and processors, raises the cost of repairs, as well. At the same time, global warming is causing more severe weather that leaves more cars destroyed in floods and storms. And for reasons researchers don't fully understand, crashes have been getting more of those factors push insurers' costs higher, with the industry as a whole enduring several years of net underwriting losses on autos. So insurers have been raising their own prices to get back in the black. That simply takes time, since they can only change their prices once or twice per year. And in some cases, regulators force them to spread premium hikes over several years to spare consumers too much pain all at once. After big jumps from 2021 to 2023, prices for cars and car parts have been relatively stable. Insurance prices flattening out too suggests most insurers have raised premiums by the amount they consider necessary. Insurers can try to price gouge and push rates needlessly high, but it's pretty easy for most consumers to switch carriers, which helps keep premiums in check. Trump's tariffs could reverse the improving trend. They'll make parts more expensive, for example, raising repair bills that insurers will have to foot. That will ultimately trickle down to policyholders through higher rates. But that may be around the next bend, not quite coming into view yet. Rick Newman is a senior columnist for Yahoo Finance. Follow him on Bluesky and X: @rickjnewman. Click here for political news related to business and money policies that will shape tomorrow's stock prices. Sign in to access your portfolio
Epoch Times
11 minutes ago
- Epoch Times
Sen. Gillibrand Urges Trump Admin to Reverse Order Making English Official US Language
Sen. Kirsten Gillibrand (D-N.Y.) is pressing the Trump administration to reverse an executive order making English the official language of the United States, saying that it could cut off millions of people from essential federal resources. In a letter to Attorney General Pamela Bondi last week, Gillibrand said Executive Order No. 14224 and the Justice Department's implementation memo will 'make it significantly more difficult' for Americans with limited English proficiency to access information, benefits, and emergency guidance.
The Hill
12 minutes ago
- The Hill
Zelensky: No agreement with Russia on returning Ukrainian children
Ukrainian president Volodymyr Zelensky said Tuesday that Russia had been stonewalling negotiations on the return of Ukraine children, thousands of whom have been forcibly transferred to Russia over the course of its invasion. 'We cannot reach an agreement with them on the return of the children,' Zelensky told reporters in response to a question from NewsNation's Robert Sherman. He added that while other countries had been able to facilitate the occasional returns of groups of children, his government had not been able to reach a widespread agreement. 'We approach them, give them lists, and they arrange the returns,' he said of Ukraine's negotiating partners, including Qatar and the Vatican. 'We hand over lists of children, and they help us. At the level of ombudsmen — for example, the Ukrainian and the Russian ones — this is unfortunately still impossible.' Since invading Ukraine in 2022, Russian forces have abducted thousands of Ukrainian children and attempted to assign them Russian citizenship, have them attend Russian schools, or be adopted into Russian families. Estimates vary on how many children have been forcibly taken. A group of researchers at Yale have tracked at least 19,000 children that have been deported to Russia, but say that the actual number is likely far higher. A bipartisan group of senators, including Sens. Chuck Grassley (R-Iowa) and Amy Klobuchar (D-Minn.), introduced a resolution in May calling for the children to be returned before any peace agreement to end the war is finalized. President Trump is set to meet Russian President Vladimir Putin in Alaska later this week for peace talks. The American president said last week that he would be willing to discuss swapping territory between Kyiv and Moscow. For his part, Zelensky said that the return of Ukrainian children was an important part of negotiations alongside seeking a ceasefire. 'That is why we wanted to get certain matters settled in this trilateral track: ceasefire, an all-for-all exchange, and the return of children,' he said. 'This is something everyone benefits from: President Trump benefits, the Russians lose nothing, the Ukrainians lose nothing. It's a fair compromise.' He added that Trump may be able to extract concessions from the Russian president. 'Putin always speaks in ultimatums. But I believe he does not have enough leverage against Trump to speak to him in ultimatums,' he said.
