Tesla eases from 16-week high; Musk-Trump hold news conference
Tesla shares TSLA.O down 2.2% at $350.63 in afternoon trading amid broader fall in equities on Friday
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
On Friday, U.S. President Donald Trump said in a press conference with Musk in the Oval Office that the billionaire is not really leaving and will be back often
Musk said his departure does not mark the end of DOGE (Department of Government Efficiency), adding he will continue to advise Trump
With move on the session, TSLA shares down ~13% YTD, compared to 1.4% dip in the Nasdaq .IXIC
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