Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Tesla CEO Elon Musk is carrying a cap with the words “Gulf of America” while attending a meeting of the cabinet held by US President Donald Trump in the White House in Washington, DC, United States, April 30, 2025.
Evelyn Hockstein | Reuters
Tesla The stock climbed approximately 5% Friday after threats and insults between the CEO Elon Musk and president Donald Trump Food a $ 152 billion for the company’s market capitalization one day earlier.
“I think the real story here is the basis of Tesla investors is literally careful,” said Josh Brown, CEO of Ritholtz Wealth Management and CNBC Pro contributorThe “half-time report” of CNBC said on Friday. “It is always a stock of nothing counts.”
Analysts cited a Politico report That Trump had planned for a call on Friday with Musk to negotiate a truce. However, a senior White House official told NBC News on Friday that Trump is “not interested” by a call with Musc.
“Musk needs Trump and Trump needs musk for many reasons and these two become friends again will be a huge relief for Tesla Shares“wrote Dan Ives de Wedbush Securities in a note on Friday morning.” We will closely monitor the situation today, but we think that Tesla’s actions have been done well on this news. “”
Musk spent several days attacking the president’s signature tax and expenditureThe appellant a “disgusting abomination”, after the mandate of Tesla chief, at the head of the American department of effectiveness of the government, ended last week.
The War of Words between Musk and Trump broke out on Thursday when Trump directly treated Musk’s criticism.
Tesla Stock Thatm of 5 days.
“I am very disappointed with Elon. I helped Elon a lot,” said Trump, adding that Musk was upset by the exclusion of EV credits in the budget bill.
Musk reacted real -time to the president in real time, and the tone has intensified.
“Without me, Trump would have lost the election“Musk posted on X.” DEMS would control the Chamber and the Republicans would be 51 to 49 years old in the Senate. “”
Musk later said that Trump should be charged and said that the president “was in Epstein files,” referring to the files relating to the late sexual offender Jeffrey Epstein.
Trump denied any involvement in Epstein’s criminal behavior, and Musk provided no evidence to support the complaint.
Trump took his own social media platform, Truth Social, to answer.
“The easiest way to save money in our budget, billions and billions of dollars, is to terminate Elon Government grants And contracts, “wrote Trump. “”I have always been surprised that Biden did not do it! “”
The Tesla shares slip throughout the public confrontation, closing 14% and putting the market capitalization of the company below the reference of 1 Billion of dollars.
