From Nasdaq: 2025-06-06 15:13:00

After a big sell-off, Tesla stock (NASDAQ: TSLA) rebounds with a 5.6% increase, outpacing S&P 500 and Nasdaq indexes. The rise is attributed to positive market momentum and signs of easing tensions between CEO Elon Musk and President Trump.

Tesla shares dropped 14.3% after Musk criticized Trump and his budget bill. The feud negatively impacted the stock, but signs of reconciliation led to a recovery. Musk’s previous support for Trump had boosted investor confidence in Tesla’s growth potential.

Latest U.S. employment data shows 139,000 new jobs added in May, exceeding estimates. Revised figures for April and May were also disclosed. Investors anticipate a potential interest rate cut by the Federal Reserve, affecting Tesla stock and overall market sentiment.

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Read more at Nasdaq: Why Tesla Stock Is Bouncing Higher Today