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Trump says he wants Musk to thrive, not to destroy him

Trump says he wants Musk to thrive, not to destroy him
President Trump said on Thursday that he wanted to see Elon Musk's companies thrive, one day after the White House said he didn't want Musk's xAI to get government contracts.Why it matters: Since the Trump-Musk relationship blew up last month, the rhetoric has run hot and cold in intermittent bursts, but Trump appears to be tamping the tension down again.Catch up quick: On Wednesday, asked if Trump supported Musk's AI business getting federal business, White House press secretary Karoline Leavitt said "I don't think so, no."Leavitt also said she'd ask Trump about the possibility of canceling xAI's existing contracts. What they're saying: On Thursday Trump answered the question."Everyone is stating that I will destroy Elon's companies by taking away some, if not all, of the large scale subsidies he receives from the U. S. Government. This is not so! I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before!" Trump wrote on Truth Social.He added that the better Musk's companies did, the better the country would do.By the numbers: Musk's companies, as it happened, weren't doing particularly well Thursday.Tesla shares fell 9% in mid-morning trading, after the company reported disappointing earnings, and warned that the changes in Trump's recently signed tax bill could weigh on results in coming quarters. What to watch: How, or if, Musk responds, and whether that response re-escalates the fight again.

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