"I'd recently been thinking that I'd love to act again," he told BBC News. "I'd come to the end of my record contract, and I have a bit more breathing space to try a few different things and not feel, oh, well I have to deliver an album to my record label."
But investor sentiment soured this year, as Musk's alliance with Trump and his role leading controversial cuts to government spending proved a lightning rod,Investors were also concerned that Musk - who had been fighting for a record-breaking pay package - was not focused on the company.
Last month, the head of Tesla's board was forced to publicly deny a report that the company had started to look for someone else to lead the firm.that he would be stepping back from his role leading Doge had prompted an upswing in the stock. Heat the end of last month.
But Tesla now finds itself back in the political crossfire.The breach with Trump was sparked by Musk's criticism of a Trump-backed
Musk has sought to rally opposition, arguing that it will add too much the government's debt load. He has also been critical of Trump's tariffs, which he said on Thursday would cause an economic recession in the second half of the year.
Trump said Musk's welcome at the White House was wearing thin and accused him of being unhappy about the elimination of a tax credit for electric vehicles, which has been key to Tesla's sales in the US.But, if there are limits on what Trump can do, the same is also true of Musk.
In the middle of his row with Trump, he threatened to decommission the Dragon - but it wasn't long before he was rowing back.Responding to an X user's suggestion he that he "cool down" he wrote,
It's clear Musk and Trump's friendship is over. It's less certain their reliance on each other is.Whatever the future for Musk's businesses is then, it seems Trump - and his administration's actions - will continue to have a big say in them.