Tesla shares jumped more than 5% Friday — a day after an all-out feud between CEO Elon Musk and President Trump tanked the stock and wiped out $152 billion in market value.
Investors were hopeful for signs that the two might reconcile after Tesla suffered its worst single-day drop in more than four years, though Trump said Friday he has no interest in speaking with his former top ally.
“You mean the man who has lost his mind?” Trump told ABC News when asked about the possibility that the pair would speak on a call. 3
Musk, the world’s richest person, lost about $27 billion on Thursday as he taunted Trump, saying he wouldn’t have won the election without his help.
The president fired back by threatening to kill his companies’ government contracts.
Despite Thursday financial hi