Tesla stock was climbing ahead of the market open, signaling a potential comeback after an online spat between President Trump and Tesla CEO Elon Musk sent stocks plunging yesterday. Share prices were up 4.5% before the bell Friday.

Tesla stock plunged 18% in intraday trading yesterday, the sharpest sell-off in almost five years. It closed down 14.3%.

Wedbush tech analyst Dan Ives suggested the dispute was unnerving for Tesla investors.

"Musk needs Trump and Trump needs Musk for many reasons and these two becoming friends again will be a huge relief for Tesla shares," Ives wrote in a research note Friday.

Still, he remains optimistic the stocks would rebound in spite of yesterday's turbulence. "We will be monitoring the situation closely today but we believe Tesla shares are way overso

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