Traders raked in $4 billion in profit from their short positions in Tesla shares on Thursday after a public feud between President Donald Trump and CEO Elon Musk led to the stock's biggest single-day drop ever.
The sharp drop in Tesla Inc (NASDAQ:TSLA) shares, which saw the electric vehicle maker lose around $152 billion in market value, has sparked concern for those with exposure to major tech companies. The decline, triggered by a no-holds-barred public row between Elon Musk and Donald Trump, sent ripples far beyond Wall Street.
White House staffers have reportedly organized a telephone call between President Trump and Tesla CEO Elon Musk to keep Thursday's public row from spiraling out of control.
Tesla shares listed in Frankfurt rose 5.6% on Friday after Politico reported White House aides have scheduled a call with CEO Elon Musk to broker peace after a public feud with U.S. President Donald Trump.
A fiery feud between President Donald Trump and Tesla Inc (NASDAQ:TSLA) CEO Elon Musk shook markets on Friday, as the electric vehicle maker's stock took a sharp dive following a series of bitter online exchanges, marking a rapid public deterioration in the pair's relationship. Tesla shares plunged 14.3%, wiping out more than $150 in the company's value — its worst single-day market cap loss in history.
Tesla (TSLA) shares had their worst day since March, falling 14% on Thursday as the feud between Elon Musk and President Trump continues to heat up.
An open rift between recently departed DOGE leader and Tesla (TSLA) CEO Elon Musk sent indexes southward.
Tesla TSLA has been a polarizing stock over the last decade, delivering massive gains for investors as we increasingly shift toward EVs.
The 'Fast Money' traders talk Pres. Trump and Elon Musk's public feud and what it means for markets as Tesla stock takes a big hit.
Major U.S. equities indexes moved lower Thursday after the Labor Department reported an uptick in initial claims for unemployment benefits, amplifying concerns about the labor market ahead of Friday morning's jobs report.
US stocks closed Thursday's session lower amid President Trump's phone call with Chinese President Xi Jinping, and the president's social media spats with Tesla CEO Elon Musk. Yahoo Finance senior markets reporter Josh Schafer comes on Asking for a Trend to highlight the trading day's biggest themes, including the stock reaction from Tesla and other companies tied to the Trump Trade.
Options traders piled into bearish bets on Tesla Inc. stock on Thursday at the fastest pace on record as a feud between President Trump and Tesla CEO Elon Musk escalated, causing the electric-vehicle maker to tally its biggest drop in market capitalization on record.