Tesla:TSLA drives back after Trump-Elon Musk Fight
The stock of Tesla (TSLA) increased on Friday as investors awaited signs of a de-escalation in the public dispute between President Trump and Elon Musk

Quick overview
- Tesla's stock rose on Friday as investors hoped for a resolution in the escalating feud between President Trump and Elon Musk.
- The White House defended its partnership with Musk, which helped boost market optimism and led to a temporary increase in Tesla's shares.
- Tensions flared after Musk's controversial comments about Trump, including a call for impeachment, resulting in a significant drop in Tesla's market value.
- Despite the conflict, a potential truce was hinted at following a senior White House official's comments about Trump's decision to sell his Tesla.
The stock of Tesla (TSLA) increased on Friday as investors awaited signs of a de-escalation in the public dispute between President Trump and Elon Musk, which resulted in a washout that erased over $150 billion in value from the electric vehicle manufacturer the previous day.
The White House defended its collaboration with Musk and his highly controversial cost-cutting initiative, the Department of Government Efficiency (DOGE), boosting market optimism that tensions between the two would lessen.
A White House spokesperson told the Wall Street Journal that Trump’s “success through DOGE is undisputed, and his work will continue to yield historic results.” Following this remark, shares rose by as much as 7%, although they later pared gains during the trading session.
Trump referred to Musk as “the man who has lost his mind” when he told ABC Friday morning that he was “not particularly” interested in speaking with him. Politico reported these comments after White House aides informed him that the two would be having a phone conversation, raising the possibility of a truce.
A senior White House official quoted by the New York Times later on Friday revealed that the president has decided to sell his red Tesla.
After Trump questioned whether their relationship remained intact in light of Musk’s attacks on the “big, beautiful bill” currently navigating through Congress, the once-close allies engaged in a social media back-and-forth on Thursday.
The electric vehicle manufacturer suffered its largest single-day market capitalization loss on Thursday, when its stock fell more than 14%, erasing nearly all of its post-election gains.
This setback followed Musk publicly endorsing a call for Trump’s impeachment and claiming on his social media platform X that the president “is in the Epstein files,” referencing the now-deceased convicted sex trafficker Jeffrey Epstein. Trump retaliated on his social media site, Truth Social, calling Musk “crazy” and threatening to revoke government contracts for his businesses.
This came shortly after Trump expressed his disappointment in Elon during a White House meeting with German Chancellor Friedrich Merz. Musk responded by threatening to decommission SpaceX’s Dragon spacecraft, which the U.S. uses to transport American passengers and cargo to and from space. However, Musk later appeared to retract that threat.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account

Related Articles
Sidebar rates
HFM
Related Posts
Doo Prime
XM
Best Forex Brokers
