Elon Musk breaks silence after making Trump Epstein claims and explains why he made major U-turn

Elon Musk has spoken out after making a major U-turn following his bombshell claim about President Donald Trump and Jeffrey Epstein.

Following Trump's re-entry into The White House for his second run, Musk has been by his side and was appointed the head of his newest department, The Department of Government Efficiency (DOGE), in a bid to tackle 'wasteful spending' over various government departments.

When Tesla showrooms were being vandalised across the US, Trump showed his support for Musk by labelling such acts as domestic terrorism.

By the end of May, the SpaceX CEO's time with the Trump administration had come to an end... although it was to be expected.

What the whole world didn't expect was the implosion that followed after Musk's departure.

Elon Musk and President Donald Trump announced toward the end of last month that the Tesla CEO was departing politics (Kevin Dietsch/Getty Images)

Musk expressed his criticism towards Trump's 'one big beautiful bill', which includes a number of temporary tax cuts until 2028, and a freeze on taxes for those working overtime, calling it a 'disgusting abomination'.

Following this, Trump expressed that he was 'disappointed' with Musk's comments, the billionaire lashed out at him on social media, making strong allegations toward the President in the process - by alleging that the 78-year-old was in the Jeffrey Epstein files.

"Time to drop the really big bomb: @realDonaldTrump is in the Epstein files," he alleged on social media. "That is the real reason they have not been made public. Have a nice day, DJT!"

Musk added in a follow-up tweet: "Mark this post for the future. The truth will come out."

The tweets have subsequently been deleted, and Musk failed to provide any evidence for these claims, with The White House's Press Secretary, Karoline Leavitt, also dismissing it in a statement.

Now, with his tail between his legs, the billionaire conceded to rueing some of these comments.

The fallout between Musk and Trump became public knowledge after the billionaire criticized the POTUS' 'big, beautiful bill' (Kevin Dietsch/Getty Images)

"I regret some of my posts about President @realDonaldTrump last week. They went too far," he posted on the platform today (June 11).

Replying to his former 'first buddy's' comments while speaking to the press in his Oval Office, he was asked whether everything having been said meant their relationship was over.

"I would assume so, yeah," he responded. "I’m too busy doing other things.

“You know, I won an election in a landslide. I gave him [Musk] a lot of breaks, long before this happened, I gave him breaks in my first administration, and saved his life in my first administration, I have no intention of speaking to him."

Trump then added that there would be 'serious consequences' for Musk if he decided to fund any future Democratic campaigns, though he didn't elaborate on what those consequences would be.