Key Takeaways
- Tesla shares this week have recovered most of the ground lost in the wake of Elon Musk’s social media fight with President Donald Trump.
- The back and forth culminated with Tesla losing $150 million in market cap in one day.
- Shares of Tesla have been on a roller coaster this year, and they currently sit down 20% for 2025.
Tesla (TSLA) shares have risen this week as investors may be moving past the fiery public spat between CEO Elon Musk and President Donald Trump.
The electric vehicle maker’s shares are up 8% this week, recouping more than half of the ground lost last week in the wake of Trump and Musk’s social media shots at one another. The back and forth started as an argument over Trump’s “Big Beautiful” taxation-and-spending bill but spiraled into a now-deleted post in which Musk accused Trump of being in the “Epstein files,” referencing the late convicted sex trafficker. The public fight ended up costing Tesla a spot in the illustrious $1 trillion market capitalization club with a one-day drop of more than $150 billion.
This week has seen a cooling of tensions, at least on social media, with Musk admitting he regrets some of his posts. He also reposted Trump’s criticism of California Gov. Gavin Newsom.
Tesla’s stock has been on a roller coaster ride this year. Shares shed more than 35% of their value in the first quarter as sales slumped, tariffs hit the stock market, and controversy swirled around Musk. They staged a comeback in April and May after Musk said he would step back from Washington.
Shares are up 2% in recent trading Friday, and currently sit down 20% for 2025.
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