Musk’s Act of Contrition Isn’t Enough for Tesla

Sometime in the wee hours of Wednesday, Elon Musk shared a pang of contrition:

Telling the president that he owes his election to you, amplifying calls for his impeachment and throwing in alleged associations with a dead sex offender do indeed err toward the pugnacious. Even so, Musk, like Trump, is not one to back down easily. Besides reported interventions from the likes of Vice President JD Vance, the slump in Tesla Inc.’s shares during last Thursday’s online onslaught presents an obvious rationale. Investors appear relieved that the boss is showing his seldom seen humbler side, with the stock having made back virtually all of that loss. Meanwhile, a frisson had arrived on Tuesday in the form of a brief clip on X, Musk’s social media platform, apparently showing a self-driving Model Y turning a corner in Austin.