Tesla shares rise after Politico reports Musk-White House to hold call

ReutersJun 6, 2025 8:10 AM

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Electric vehicle maker Tesla's TSLA.O shares up 4.8% premarket
Politico reports that White House aides have scheduled a call with Musk to ease tensions and broker peace

President Donald Trump warned of cutting federal contracts with Elon Musk’s businesses, while Musk fired back by calling for Trump’s impeachment, escalating their once-friendly relationship into a heated online feud

The feud ignited when Trump criticized Musk in the Oval Office, rapidly unraveling their bond into a public clash of insults on Trump's Truth Social and Musk's X

Tesla closed down 14.3% on Thursday, losing about $150 billion in market value

Stock down ~29% YTD

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