Tesla share price climbs 7% after $152 billion selloff even as Elon Musk-Trump truce uncertain; stock down 20% YTD
Tesla shares recouped some losses triggered by a spat between CEO Elon Musk and U.S. President Donald Trump, although a truce appeared uncertain on Friday as a White House official said the president was not keen on talking to his former ally.
The stock rose 4% after a steep fall in the previous session that wiped out $152 billion in market value when the world’s most powerful man and its richest publicly entered a war of words over the tax and spending bill.
Earlier, a Politico report had said Trump and Musk were likely to talk later in the day. Musk had signalled on X he was open to easing tensions with the president, agreeing with calls for a detente from users on the social media platform.
Tensions escalated on Thursday after Musk…
