Trump-Musk feud: Will Tesla stock price bounce back today?
The most powerful man in the world and the richest man in the world finally turned on each other. Yesterday, President Donald Trump and Tesla CEO Elon Musk had a full-scale war of words that seems to have been the final nail in the coffin for their bromance, which had persisted since Musk endorsed Trump for president in the summer of 2024. But it wasn’t only their bromance that took a beating yesterday. Tesla’s stock price (Nasdaq: TSLA) did, too. Shares fell nearly 15% as investors feared that the rift between Trump and Musk could lead to troubles for the electric car maker. How are TSLA shares performing the morning after the dust-up? Here’s what you need to know. Trump-Musk feud crashes TSLA stock Yesterday saw the arrival of something that many saw coming from a mile away: the inevitable turn of Donald Trump and Elon Musk against each other. However, few people probably expected the event to unfold as publicly in real-time as it did, with the president and Tesla CEO exchanging accusations, insults, and allegations on the social media platforms that they own, Truth Social and X. The feud spiraled out of Elon Musk’s increasing vocal opposition in recent days to the president’s proposed “One Big Beautiful Bill” that would see billions worth of tax cuts go to the richest Americans while adding an estimated $2.4 trillion to the deficit. Yesterday, Musk called the bill a “disgusting abomination.” Trump then addressed Musk’s comments with reporters, saying he and Musk “had” a great relationship and adding, “I don’t know if we will anymore.” From there, things quickly spiraled. While the spectacle provided hours of entertainment and fascination to general audiences—and gave journalists plenty to write about—Tesla investors were probably dying a little inside with each social media volley. Shares in Elon Musk’s electric car company continued to crash throughout the day as the Trump-Musk feud intensified. By the end of trading yesterday, TSLA shares had fallen 14.26% to $284.70 per share—wiping more than $150 billion from Tesla’s market cap—its largest single-day loss in its history. But now it’s the morning after—and both investors and the two men involved in the feud have, hopefully, had time overnight for a breather. Indeed, it seems that at least Tesla investors have, as TSLA shares are moving upward in early-morning trading. TESLA rises in premarket trading As of the time of this writing, TSLA shares are currently trading up about 3.96% to $296 per share in premarket trading. Tesla’s share price recovery comes after Musk appeared to signal on X that he was open to healing the rift that had emerged between him and Trump, notes Reuters. In a post on X, billionaire investor Bill Ackman wrote that “I support @realDonaldTrump and @elonmusk and they should make peace for the benefit of our great country. We are much stronger together than apart.” Musk then responded to this post, saying, “You’re not wrong.” Shortly after, the recovery in Tesla’s stock price began. However, given that TSLA shares have only regained a fraction of what they lost yesterday, it’s likely that investors are erring more on the side of cautious optimism than absolute certainty that Trump and Musk will make up. Investors are still probably very likely worried about just how bad a continuing feud could be for Musk’s business interests. The president at one point threatened Musk’s companies’ government contracts. If the president so wished, he could also make life much more difficult for Musk’s publicly traded company, Tesla, by hindering its upcoming robotaxi rollout through regulations or introducing other measures that would make the car company’s business more difficult. TSLA stock has had a horrible 2025 Yesterday’s dramatic share price drop in Tesla was nothing less than horrifying for most Tesla investors. The nearly 15% drop was the single worst drop ever in Tesla’s share price in one day, noted Reuters. At the same time, Tesla’s shares dropping is something investors are used to this year. While Tesla shares surged to an all-time high in December, after Musk and his donations helped return Trump to the White House, the stock has taken a beating ever since Trump took office in January. Before yesterday, there were two big reasons for TSLA’s 2025 share price trouble: Tesla’s deteriorating brand image among consumers who found Elon Musk’s involvement in politics and the Department of Government Efficiency (DOGE) off-putting and President Trump’s “Liberation Day” tariffs, which threatened to raise prices. After yesterday, a third contributing factor to TSLA’s price drop in 2025 is now the Trump-Musk feud. Since the beginning of the year, Tesla shares had fallen nearly 30% as of yesterday’s close. From a high of over $428 in January, Tesla shares bottomed out in April at below $218. Until yesterday, they had managed to claw back some of that loss, ris
The most powerful man in the world and the richest man in the world finally turned on each other.
Yesterday, President Donald Trump and Tesla CEO Elon Musk had a full-scale war of words that seems to have been the final nail in the coffin for their bromance, which had persisted since Musk endorsed Trump for president in the summer of 2024.
But it wasn’t only their bromance that took a beating yesterday. Tesla’s stock price (Nasdaq: TSLA) did, too.
Shares fell nearly 15% as investors feared that the rift between Trump and Musk could lead to troubles for the electric car maker. How are TSLA shares performing the morning after the dust-up? Here’s what you need to know.
Trump-Musk feud crashes TSLA stock
Yesterday saw the arrival of something that many saw coming from a mile away: the inevitable turn of Donald Trump and Elon Musk against each other.
However, few people probably expected the event to unfold as publicly in real-time as it did, with the president and Tesla CEO exchanging accusations, insults, and allegations on the social media platforms that they own, Truth Social and X.
The feud spiraled out of Elon Musk’s increasing vocal opposition in recent days to the president’s proposed “One Big Beautiful Bill” that would see billions worth of tax cuts go to the richest Americans while adding an estimated $2.4 trillion to the deficit. Yesterday, Musk called the bill a “disgusting abomination.”
Trump then addressed Musk’s comments with reporters, saying he and Musk “had” a great relationship and adding, “I don’t know if we will anymore.”
From there, things quickly spiraled.
While the spectacle provided hours of entertainment and fascination to general audiences—and gave journalists plenty to write about—Tesla investors were probably dying a little inside with each social media volley.
Shares in Elon Musk’s electric car company continued to crash throughout the day as the Trump-Musk feud intensified. By the end of trading yesterday, TSLA shares had fallen 14.26% to $284.70 per share—wiping more than $150 billion from Tesla’s market cap—its largest single-day loss in its history.
But now it’s the morning after—and both investors and the two men involved in the feud have, hopefully, had time overnight for a breather. Indeed, it seems that at least Tesla investors have, as TSLA shares are moving upward in early-morning trading.
TESLA rises in premarket trading
As of the time of this writing, TSLA shares are currently trading up about 3.96% to $296 per share in premarket trading. Tesla’s share price recovery comes after Musk appeared to signal on X that he was open to healing the rift that had emerged between him and Trump, notes Reuters.
In a post on X, billionaire investor Bill Ackman wrote that “I support @realDonaldTrump and @elonmusk and they should make peace for the benefit of our great country. We are much stronger together than apart.”
Musk then responded to this post, saying, “You’re not wrong.”
Shortly after, the recovery in Tesla’s stock price began. However, given that TSLA shares have only regained a fraction of what they lost yesterday, it’s likely that investors are erring more on the side of cautious optimism than absolute certainty that Trump and Musk will make up.
Investors are still probably very likely worried about just how bad a continuing feud could be for Musk’s business interests.
The president at one point threatened Musk’s companies’ government contracts. If the president so wished, he could also make life much more difficult for Musk’s publicly traded company, Tesla, by hindering its upcoming robotaxi rollout through regulations or introducing other measures that would make the car company’s business more difficult.
TSLA stock has had a horrible 2025
Yesterday’s dramatic share price drop in Tesla was nothing less than horrifying for most Tesla investors. The nearly 15% drop was the single worst drop ever in Tesla’s share price in one day, noted Reuters. At the same time,
Tesla’s shares dropping is something investors are used to this year.
While Tesla shares surged to an all-time high in December, after Musk and his donations helped return Trump to the White House, the stock has taken a beating ever since Trump took office in January.
Before yesterday, there were two big reasons for TSLA’s 2025 share price trouble: Tesla’s deteriorating brand image among consumers who found Elon Musk’s involvement in politics and the Department of Government Efficiency (DOGE) off-putting and President Trump’s “Liberation Day” tariffs, which threatened to raise prices.
After yesterday, a third contributing factor to TSLA’s price drop in 2025 is now the Trump-Musk feud.
Since the beginning of the year, Tesla shares had fallen nearly 30% as of yesterday’s close. From a high of over $428 in January, Tesla shares bottomed out in April at below $218.
Until yesterday, they had managed to claw back some of that loss, rising to above $360 in late May. Then came yesterday’s bromance bust-up—and that nearly 15% decline.
Where TSLA stock goes from here largely depends on the mood of the two men in the days ahead.
