Trump, Musk Reconcile Amid Tesla, BYD Competition

Elon Musk apologized to President Donald Trump for his public criticism, expressing regret in a conciliatory phone call, as confirmed by White House Press Secretary Karoline Leavitt. The reconciliation followed a week of public and private efforts by Vice President JD Vance, Chief of Staff Susie Wiles, and Republican lawmakers to reduce tensions and secure Musk's support for Trump's policy agenda. Trump stated he holds no hard feelings and appreciated Musk's gesture. The administration clarified that no review of federal contracts with Musk's companies is underway, countering prior speculation. The improved relationship comes as Tesla is set to launch its Robotaxi, with analysts emphasizing the importance of regulatory backing. Tesla also faces rising competition from Chinese automaker BYD in the autonomous driving market.