Tesla eases from 16-week high; Musk-Trump news conference on deck
ReutersMay 30, 2025 11:11 AM
Tesla shares TSLA.O slip 1.4% to $353.45 premarket, the most among the Magnificent Seven stocks
TSLA shares hit their highest since February 7 on Thursday after news that CEO Elon Musk was stepping away from the Trump administration, fueling hopes that he will sharpen focus on the automaker, which is battling slumping sales
Shortly after, Musk in a post on X announced that Tesla has been testing driverless Model Y cars in Austin, Texas, with no incidents, and it aims to deliver the first unit in June
U.S. President Donald Trump praised Musk on Thursday and said he would hold a press conference with the billionaire on Friday at 1:30 p.m. EST (1730 GMT) in the Oval Office
TSLA shares down 11.3% YTD, compared to 0.7% dip in the Nasdaq .IXIC
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