https://finance.yahoo.com/news/tesla-shares...-061639601.html

(Reuters) -Tesla shares clawed back from steep losses on Friday, as a war of words between CEO Elon Musk and U.S. President Donald Trump appeared to cool amid report that White House aides were scheduling a call to help broker peace.

Shares were up 5% in premarket trading after Musk signalled on X he was open to easing tensions with Trump, agreeing with comments from hedge fund manager Bill Ackman calling for a detente.

The spat between the world's most powerful man and its richest erased more than $150 billion from Tesla's market value on Thursday, the company's biggest drop in one session.

Short-sellers, or investors betting against the stock, pocketed nearly $4 billion from the drop, the second-biggest single-day of profit on record, according to data from Ortex.



This post has been edited by diffyhelman2: Jun 6 2025, 06:55 PM

Oh really?

https://www.cnn.com/politics/live-news/trum...k-news-06-06-25

• Trump-Musk rift: President Donald Trump told CNN he’s “not even thinking about” Elon Musk after they explosively sparred on social media, adding that he won’t be speaking with Musk for “a while.”

President Donald Trump is planning to get rid of the Tesla he purchased in March, a senior White House official told CNN. The red vehicle may be sold or possibly given away, another official said.