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Tesla shares rose on Friday as investors took some comfort from White House aides scheduling a call with CEO Elon Musk to broker peace after a public feud with President Donald Trump, reports Reuters.
The electric carmaker’s shares were up about 5% in Frankfurt on Friday, having closed down 14.3% on Thursday in New York, losing about $150bn in market value.
“It’s unlikely that Trump will end subsidies and contracts with Tesla. Those are obviously threats that are unlikely to come into fruition,” Fiona Cincotta, senior market analyst at City Index told Reuters. “I don’t expect this to blow out into anything more serious than a war of words for a couple of days.”
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