Tesla Stock Rebounds Over 6% Following Political Trump Fallout

(RTTNews) - Tesla, Inc. (TSLA) shares climbed 5.44 percent to $301.95 on Friday, recovering some ground after a sharp 14 percent plunge the previous day that wiped out around $152 billion in market value. The volatility followed an escalating public spat between CEO Elon Musk and U.S. President Donald Trump, which stoked investor concerns.

The stock traded between $291.14 and $305.50 today on volume of 86.6 million shares, with a 52-week range of $167.41 to $488.54 on the Nasdaq.

The sell-off pushed Tesla's market cap below $1 trillion to $916 billion, but the stock bounced back in after-hours trading and continued its rebound in Friday's session. Musk's falling out with Trump rooted in a disagreement over the administration's new tax plan and cuts to EV incentives—has drawn intense public and media scrutiny. Meanwhile, Musk announced he is stepping away from his federal role at the Department of Government Efficiency (DOGE), seeking to refocus on Tesla.