From Investing.com: 2025-06-06 09:41:00

Tesla shares rebounded after tensions between Elon Musk and President Trump eased, calming investor concerns. Musk hinted at making peace with Trump, leading to a 5% jump in premarket trading. However, gains were reduced when no call was planned. The clash cost Tesla $150 billion in market value, benefiting short-sellers by $4 billion. The feud stemmed from Musk criticizing Trump’s tax bill and threats to cut contracts. Despite fears, subsidies and contracts cuts are unlikely. Market share losses in Europe and China and a Robotaxi launch in Austin may have also impacted the selloff. Tesla shares may still face volatility.



Read more at Investing.com: Trump-Musk Bromance at a Crossroad as Tesla Surges 5% in Premarket Trading