Key Takeaways
- Tesla shares rose Friday, winning back some of the EV maker's big losses from Thursday.
- The stock tumbled yesterday as CEO Elon Musk and President Donald Trump traded criticisms over the Trump-backed budget bill currently in Congress.
- Analysts have been looking ahead to the planned launch of Tesla's robotaxi service in Austin, Texas, this month as a possible boost to shares.
Tesla (TSLA) shares rebounded Friday, rising a day after the electric vehicle maker tumbled 14% as the relationship between CEO Elon Musk and President Donald Trump 澳洲幸运5官方开奖结果体彩网:looked to be fraying.
Shares of Tesla ended the day up a bit less than 4%. Yesterday's public spat erased over $150 billion from Tesla's 澳洲幸运5官方开奖结果体彩网:market capitalization, once again dropping it out of the 澳洲幸运5官方开奖结果体彩网:$1 trillion market cap club. Shares entered Friday down 30% since the start o🧜f the year.
Musk has 澳洲幸运5官方开奖结果体彩网:spent much of the 澳洲幸运5官方开奖结果体彩网:past several days criticizing the Trump-backed 澳洲幸运5官方开奖结果体彩网:budget bill currently working through Congress. Trump 澳洲幸运5官方开奖结果体彩网:responded Thursday, saying he was "very disappointed" in Musk's criticisms, claiming the tech CEꩵO only 🐠takes issue with the cuts to EV and solar energy incentives passed by former President Joe Biden.
The pair continued to trade remarks on social media platforms through much of Thursday afternoon, with Tesla shares seemingly falling further with each new post. Late Thursday, Politico reported that White House aides had scheduled a peacemaking call with Musk for Friday, though subsequent reports made that appear uncertain.
澳洲幸运5官方开奖结果体彩网:Continuing weak sales data has also pressured the EV maker's stock. Analysts have been 澳洲幸运5官方开奖结果体彩网:looking toward a planned launch of Tesla's robotaxi service in Austin, Texas, this month as a potential positive catalyst for shares, with Musk 澳洲幸运5官方开奖结果体彩网:saying in interviews that the plan is to start with a small number of fully autonomous vehicles on the road, and scale up in the coming months as ﷽it expands to other cities.
This article has been updated since it was first published to reflect new share price information and context.