Elon Musk, CEO of Tesla, is wearing a hat with the phrase “The Gulf of America” as he attends a meeting in the cabinet held by US President Donald Trump at the White House in Washington, the United States, April 30, 2025.
Evelyn Hakstein Reuters
Timing The shares rose more than 3 % on Friday after the threats and insults between CEO Elon Musk and President Donald Trump fueled $ 152 billion for the company’s market ceiling one day ago.
The stock closed more than 14 % for the week and decreased about 27 % for this year.
“I think the real story here is the base of investors in Tesla literally,” Josh Braun, CEO of Ritholtz Wealth Management and CNBC Pro, told CNBC. “This still does not matter the stocks.”
Analysts cited a Politico report that Trump had set a call on Friday with Musk for the mediator in a truce. However, a senior White House official told NBC News on Friday that Trump was “not interested” in a call with Musk.
“Musk needs Trump and Trump needs Musk for many reasons, and these two friends will once again represent a great relief for Tesla,” wrote Dan Evez, a Wedbush Securities analyst, wrote in a note on Friday morning. “We will closely monitor the situation today, but we believe that Tesla’s shares outperform this news.”
Musk spent several days in attacking the president’s signing and spending bill, describing him as “disgusting abomination”, after the end of the Tesla president as head of the US State Department last week.
The War War for MUSK and Trump erupted on Thursday, as Trump addressed musk criticism directly.
Tesla 5 days stock scheme.
“I was very disappointed in Elon. Illon helped a lot,” Trump said, adding that musk was annoyed by excluding EV credits in the budget bill.
Musk’s reaction was actual time to the president’s screaming, and the tone escalated.
“Only, Trump had lost the elections,” Musk posted X.
Musk later indicated that Trump should be isolated and the president claimed “in Epstein’s files”, referring to the records related to the late sex crime, Jeffrey Epstein.
Trump denied any involvement in the criminal Epsin behavior, and musk did not provide any evidence that supports this claim.
Trump took his social media platform, social truth, to respond.
“The easiest way to save money in our budget, billions and billions of dollars is to finish Ellen’s government subsidies and contracts,” Trump wrote. “I was always surprised that Biden did not do it! “
Tesla is involved throughout the general clash, closing 14 % and setting the maximum market for the company less than $ 1 trillion.
