Tesla stock climbs 5% as it tries to rebound from Trump-Musk argument rout

Tesla CEO Elon Musk wears a cap with the words "Gulf of America" as he attends a cabinet meeting held by U.S. President Donald Trump at the White House in Washington, D.C., U.S., April 30, 2025. Tesla stock climbed about 5% Friday after threats and insults between CEO Elon Musk and President Donald Trump fueled a $152 billion rout for the company's market cap a day earlier. Analysts cited a Politico report that Trump had scheduled a call Friday with Musk to broker a truce. However, a senior White House official told NBC News Friday that Trump is "not interested" in a call with Musk. "Musk needs Trump and Trump needs Musk for many reasons and these two becoming friends again will be a huge relief for Tesla shares," wrote Wedbush Securities analyst Dan Ives in a note Friday morning. "We will be monitoring the situation closely today but we believe Tesla shares are way oversold on this news." Musk spent several days attacking the president's signature tax and spending bill, calling it ... Read full article.