Tesla’s stock was on the verge of a technical breakthrough. Then Musk and President Donald Trump had a very public fallout.

Musk's net worth on Thursday plunged $34 billion, putting his valuation at $335 billion, according to the Bloomberg Billionaires Index. In addition to Tesla, Musk owns The Boring Company, Neuralink, SpaceX, X (formerly known as Twitter) and xAI.

Investors were hopeful for signs that the two might reconcile after Tesla suffered its worst single-day drop in more than four years, though President Trump said Friday he has no interest in a

Tesla shares climbed more than 3% in U.S. premarket trading Friday, recovering slightly after a 14% plunge a day earlier. The electric vehicle maker lost $152 billion in market capitalization Thursday as traders reacted to a public feud between CEO Elon Musk and President Donald Trump.

Tesla shares rebounded Friday, a day after the electric vehicle maker tumbled 14% as the relationship between CEO Elon Musk and President Donald Trump looked to be fraying.

Shortly after the market opened, Tesla stock rose 5.4% to $300.09. The rise is a relief. Tesla stock was roughly $355 before the feud started escalating. Shares closed at $284.7, dropping 14% on Thursday,

Traders dumped Tesla after Musk quickly responded to Trump's criticism with social media posts that stepped up criticism of the president's tax bill.

Despite hints of a potential reconciliation, fuelled by recent media reports, hopes dimmed when a White House official indicated that Trump had no intention of engaging with Musk.

The May jobs report beat expectations, and unemployment held at 4.2%. Trump’s tariffs and the trade war continue to affect the economy and global markets. Follow along for live updates on the jobs report as well as the Dow,

This surge is partly attributed to a general market upturn, but a more significant factor has been CEO Elon Musk’s renewed dedication to Tesla after stepping down

Tesla shares dropped for a second straight day on Thursday, as a public spat between CEO Elon Musk and President Donald Trump escalated.

The stock has been on a roller coaster ever since President Trump’s election. The shares fell nearly 15% this week.