UP

Tesla shares rise after Musk-White House call reports

Home page World
12 Punto 14 Punto 16 Punto 18 Punto
Tesla shares rise after Musk-White House call reports

Tesla shares rose almost 5 percent on Friday, rebounding from sharp losses in the previous session, after Politico reported that White House aides have scheduled a call with CEO Elon Musk to ease tensions following a public feud with US President Donald Trump.

Axar.az infomrs, citing Reuters, shares of the electric vehicle maker were up 4.7 percent at $298.10 in premarket trading. The stock had closed 14.3 percent lower on Thursday, losing about $150 billion in market value — the largest single-day decline in the company’s history.

Trump had threatened to cut off government contracts to Musk’s companies, while Musk suggested Trump should be impeached, escalating their once-warm relationship into a highly public social media clash.

“It’s unlikely that Trump will end subsidies and contracts with Tesla — those are obviously threats that are unlikely to come into fruition,” said Fiona Cincotta, senior market analyst at City Index.

“I don’t expect this to blow out into anything more serious than a war of words for a couple of days.”

The hostilities reportedly began when Trump criticized Musk in the Oval Office. Within hours, the relationship between the former president and the billionaire CEO unraveled in full public view, with the two exchanging personal insults on Trump’s Truth Social platform and Musk’s X.

Date
2025.06.06 / 16:13
Author
Axar.az
See also

Russia backs Trump’s idea of Ukraine energy truce

Armenia ready to discuss future of Russian base in Gyumri

Oman tows oil tanker attacked off its coast, 2 crew missing

Israel provided Saudi Arabia with intel. assistance

Burnham considers military support for Saudi’s Houthi war

Rezaei: No talks with US until our conditions are met

Trump calls AI threat warnings a 'Hoax'

North Korea’s Kim vows to expand ties with Russia

Iran shot down fourth US MQ-1 drone

Fuel price hike sparks widespread protests across Syria - Video

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla