U.S. President Donald Trump and billionaire Elon Musk were seen interacting at a memorial event for slain conservative activist Charlie Kirk on Sunday, months after the two had a bitter falling out. 

Their appearance sparked speculation that the two could be reconciling, a notion furthered by the White House’s X account also sharing pictures of the two with the caption “POTUS x @ElonMusk.” Musk shared the post, and had earlier also uploaded a picture of him with Trump at the event. 

Videos of the two, released on social media, showed them sitting together and talking. All of Trump’s cabinet was seen attending the memorial on Sunday, which reportedly had over 90,000 attendees. 

Trump and Musk had engaged in a bitter feud on social media earlier this year, in part over Musk’s criticism of Trump’s “big beautiful bill.” Musk had abruptly left his role leading the Department of Government Efficiency under the Trump administration, and had lashed out repeatedly at the president, accusing him of being tied to disgraced financier and convicted sex offender Jeffry Epstein. 

Musk had gone as far as announcing his own political party, although little progress was seen being made on that front. 

Trump also engaged in diatribe against Musk, and had threatened to scuttle government contracts for Musk’s firms, chiefly SpaceX. Trump’s big beautiful bill scrapped a tax credit system for electric vehicles, which was a major cash cow for Musk’s Tesla Inc (NASDAQ:TSLA).

The president had also floated the idea of deporting Musk. 

But improving ties between the two could see Musk come back into the president’s favor, in turn heralding easier regulation and more government contracts for his companies. It was not immediately clear whether Trump and Musk were meeting for the first time since their feud.

Tesla shares had plummeted during the height of the Trump-Musk feud, as investors grew concerned that Musk’s increasing political actions would detract from his role at Tesla. This concern was furthered by increasing headwinds for Tesla, as it grapples with shrinking market share, and potential revenue declines due to Trump’s scuttling of EV tax credits. 

Investors also fretted over more regulatory interference for Tesla’s robotaxi ambitions, which Musk has touted as one of the main drivers of Tesla’s future growth. 

But Tesla shares clocked strong gains in recent weeks, especially after Musk reaffirmed his commitment to the firm and purchased some $1 billion additional shares in the EV maker. 

Tesla shares are trading up about 2% so far in 2025, compared to a 16% increase in the NASDAQ Composite.