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Tesla stock rises premarket after the Musk-Trump blowup sparked Thursday's wipeout

  • Tesla stock rose 4.5% in premarket trading after a 14% drop on Thursday amid a public spat between CEO Elon Musk and President Donald Trump.
  • The feud started when Musk criticized a bill for excessive spending, which led to escalating tensions throughout the week.
  • Analysts believe that reconciliation between Musk and Trump is crucial for Tesla's performance as the company's stock closed below the $1 trillion market cap threshold.
  • Wedbush Securities analysts expressed optimism that cooler heads would prevail, emphasizing the importance of a positive relationship between Musk and Trump for Tesla's success.

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