Tesla Stock Overcomes Much of the Damage From Musk-Trump Fight

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 10% 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 climbed close to 2% Friday, and currently sit down about 20% for 2025.

This article has been updated since it was first published to reflect more recent share price values.