Tesla Shares Surge Amid Musk-Trump Feud Fallout
TL;DR Summary
Tesla's stock rebounded slightly after a significant drop caused by a feud between Elon Musk and President Trump, which wiped out $152 billion in market value. The conflict involved Musk criticizing Trump’s policies and Trump threatening to cut Tesla's government contracts, impacting Tesla's sales and earnings prospects amid broader challenges like declining European sales and protests. Despite the turmoil, Musk remains the world's richest person, though Tesla faces potential losses from proposed legislation and market pressures.
- Tesla shares jump 5% after all-out Trump-Musk feud wipes out $150B market value New York Post
- Tesla shares rebound amid broader market surge as Musk versus Trump spat pauses NBC News
- Tesla Stock Price Rebounds but Ends the Week Down Sharply The New York Times
- Musk-Trump Breakup Exposes Cracks in Wall Street’s Meme Casino Bloomberg.com
- Tesla short sellers pocket about $4 billion in profits after Musk-Trump spat Reuters
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