Tesla’s stock was recently right around the price at which it closed the session before a spat between CEO Elon Musk and President Donald Trump culminated in a one-day drop of about $150 billion in Tesla’s market value.

What Happened? Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 3.5% in the afternoon session after tension between CEO Elon Musk and President Donald Trump continued to cool off. This de-escalation was likely a major relief for investors who had been worried about the potential negative impacts on Tesla's business,

Tesla (NASDAQ: TSLA) has been trading like a penny stock so far this year. The most recent drama was due to a public feud between CEO Elon Musk and President Donald Trump. It wiped out about $150 billion of market value last week, but Musk’s apology post on X early Wednesday boosted a relief rally.