- The framework of a trade truce announced by the U.S. and China after two days of negotiations in London did little to excite investors, as it appeared more like a return to the previous agreement than a breakthrough. Elon Musk’s “regret” about his posts regarding Trump was a different story. Stocks in Asia rose, hovered in Europe, and slipped in the U.S.
Elon Musk’s mea culpa early Wednesday gave markets something to cheer about. His simple 15-word apology, in which he admitted that some of his posts last week about U.S. President Donald Trump “went too far,” gave Tesla investors hope that a salvaged relationship between the world’s richest man and arguably the world’s most powerful one would save the EV company from bitter state-led retaliation.
