Today's Edition
(AGENCIES)
Tesla Inc.’s shares rose in early trading Friday after Elon Musk suggested he was open to making amends with President Donald Trump, easing tensions after their simmering feud erupted into a public war of words a day earlier.
The chief executive officer of Tesla and SpaceX agreed with a user on social media platform X that he should "cool off and take a step back for a couple of days.” Later, in a separate reply to billionaire Bill Ackman, an ally of Trump and Musk who said they should "make peace for the benefit of our great country,” Musk responded that Ackman was "not wrong.”
Tesla shares climbed 4.4% as of 7:12 a.m. before regular trading in New York. The stock had plunged 14% on Thursday, its biggest decline in almost three months, wiping out $153 billion from the electric vehicle maker’s market value.
Investors had been spooked by the prospect of a falling out between Musk, who oversees a vast business empire, and Trump, whose government doles out billions to those companies. The president said Thursday that he was "very disappointed” in Musk’s criticism of his tax policy bill and that he had asked the Tesla leader to leave the administration.
