NEW YORK — The world’s most powerful politician and its richest businessman stepped back from their war of words that stunned Washington and Wall Street alike last week, but it’s unclear if the peace will hold.

Early Wednesday, Musk wrote on X, “I regret some of my posts about President @realDonaldTrump last week. They went too far.”

For his part, Trump said in a New York Post podcast interview published Wednesday, “Things like that happen. I don’t blame him for anything.”

Musk’s break with a president whom he spent hundreds of millions of dollars to elect had appeared to put an end to his influence in the White House and dashed investors’ hopes for favored treatment for his businesses. For Trump, the spat was a distraction as he attempts to pass a massive tax bill, negotiate peace in two international conflicts and deal with protests in the second biggest city in the U.S. On Thursday, investors in Musk’s electric vehicle company Tesla sent the stock plunging more than 14%, knocking $150 billion off the company’s market value.

— The Associated Press