Tesla Shares Gain as Trump–Musk Feud Appears to Cool

Tesla Shares Gain as Trump–Musk Feud Appears to Cool
A Tesla logo on a Model S inside of a Tesla dealership in New York on April 29, 2016. Lucas Jackson/Reuters
Reuters
Updated:
0:00

Tesla shares clawed back from steep losses as a war of words between CEO Elon Musk and President Donald Trump appeared to cool, easing investor worries about the likely political fallout on the electric automaker.

Shares rose about 5 percent in early trading. Politico had reported Musk and Trump were expected to speak on Friday, but a White House official told Reuters there were no plans for a call.