Topline
Bettors are waging the relationship between President Donald Trump and Elon Musk is unlikely to be repaired anytime soon, despite the world’s wealthiest man signaling he was willing to de-escalate tensions, as their public feud appeared to cool Friday.
Trump said he is “not particularly” interested in speaking with Musk, after the pair’s relationship … More
Key Facts
Polymarket, a blockchain-based betting site, offered 31% odds that Trump and Musk publicly reconcile before July and a 2% chance Trump would apologize to Musk before Monday, June 9, after Trump said Friday he was “not particularly” interested in speaking with Musk.
Polymarket rival Kalshi placed odds a relationship between Trump and Musk could continue to unravel over social media, with a 34% chance Trump unfollows Musk on his X platform and a 36% chance that Musk unfollows Trump.
There are greater odds that Trump and Elon will speak with each other at some point this year: Kalshi priced in a 55% chance the pair speak before July, while Polymarket set odds of 20% that Trump and Musk meet by June 30, 37% by July 31 and 59% by Dec. 31.
Will Trump And Musk Fix Their Relationship? Here’s What They Say
Musk appeared willing to cool tensions with Trump, replying early Friday to hedge-fund billionaire Bill Ackman, who wrote on X that Trump and Musk “should make peace for the benefit of our great country,” was “not wrong.” Politico reported White House officials have worked to “persuade the president to temper his public criticism of Musk” to prevent escalation and had scheduled a call between the two for Friday to “broker peace.” Trump appeared to shut these plans down, however, telling ABC News he was uninterested in speaking with Musk right now, claiming Musk had “lost his mind.”
Tangent
Tesla’s shares, which dropped 14% in one of the stock’s worst-ever trading sessions, appeared to pare back some losses Friday after jumping 3% in early trading. Trump Media also returned some losses after its stock fell 8% on Friday with a 2.4% increase.
Key Background
A feud between Musk and Trump escalated this week as Musk attacked Trump’s policy bill over estimated adds to the federal debt. Musk wrote Tuesday that Trump’s legislation was “massive, outrageous, pork-filled” and a “disgusting abomination” while threatening Republicans who voted for it, warning, “in November next year, we fire all politicians who betrayed the American people.” He targeted Trump for the first time Thursday after reposting a 2013 tweet from Trump that said he was “embarrassed” Republicans were extending the debt ceiling. Musk went on to say that, “without me,” Trump would have lost the election, while Democrats would control the House and Republicans would hold a more narrow majority in the Senate. The pair continued to hurl jabs at each other over their respective social media platforms, including Trump claiming Musk’s criticisms came from “Trump derangement syndrome.”
Further Reading
Read the full article here