Musk, Tesla and Trump
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Tesla Inc dropped 14% in a single day yesterday, representing one of its most significant one-day falls in the past few years.
Tesla stock rose around 5% in premarket trading Friday, suggesting the shares were set to claw back some of their heavy losses from the previous session. Tesla stock was up 4.3% at $296.99 ahead of the open,
Shares of Elon Musk’s electric vehicle maker are falling sharply Thursday as investors fear his dispute with Donald Trump could end up hurting the company.
Here are some of the major companies whose stocks moved on the week’s news.
Tesla stock traded as high as $305.50 and closed just north of $295, up almost 4%, on Friday. Tesla stock was roughly $355 before the Musk-Trump feud started escalating. On Thursday, shares closed at $284.
By Saeed Azhar, Kanchana Chakravarty and Sukriti Gupta NEW YORK (Reuters) -U.S. stocks closed higher on Friday after a better-than-expected jobs report calmed worries about the economy, while Tesla bounced,
Key Takeaways U.S. equities jumped at midday as the U.S. economy added more jobs in May than expected.Tesla shares rebounded from yesterday's big selloff as CEO Elon Musk and President Donald Trump seem to be pulling back on their war of words that rattled investors.
Investors are cheering signs of a potential truce in the acrimonious feud between President Trump and Elon Musk, with the crucial monthly US jobs report on deck.