Tesla (TSLA) stock is back in the green after a rocky day. The stock jumped over 5% on Germany’s TradeGate Exchange Friday morning, following a steep 14% drop on Thursday—the worst single-day loss since March. The drop had dragged Tesla to its lowest level in nearly a month. The uptick came after Politico reported that White House staff had set up a phone call with Elon Musk to help ease rising tension between the Tesla CEO and President Donald Trump.
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From Conflict to Call
This comes just hours after Musk and Trump traded sharp words online. Their fight began when Musk slammed Trump’s “Big Beautiful Bill” as a “pork-filled… abomination.” The bill, backed by Trump, drew strong pushback from Musk, who has become more vocal about policy in recent months.
The feud played out in full view on social media, sending ripples all through the market. Not only Tesla, but the spat also rattled several stocks tied to Trump-related trades, including AI darling Palantir Technologies (PLTR) and Trump Media & Technology Group (DJT). By late Thursday, signs of a truce began to emerge.
Politico briefly spoke with Trump, who didn’t seem too fazed by the clash. “Oh it’s OK,” he said. “It’s going very well, never done better.”
Fallout May Still Linger
While the stock is rebounding, not everyone is convinced the drama is over. Ross Gerber, head of Gerber Kawasaki Wealth, called the Musk-White House episode a “disaster,” warning that “the Musk empire is dismantling in real time.”
“This could be very bad for his firms,” he told Bloomberg, adding that Tesla’s board has done little to protect its investors.
He even hinted at the chance of big lawsuits, saying he had already sold some shares.
Is Tesla a Good Stock to Buy?
On TipRanks, TSLA stock has a Hold consensus rating based on 16 Buys, 10 Holds, and 11 Sell ratings. Also, the average Tesla price target of $282.70 implies that shares are almost fully valued at current levels. Year-to-date, TSLA stock has lost 29.5%.
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