08:01 AM EDT, 06/06/2025 (MT Newswires) -- Tesla (TSLA) shares "are way oversold" on the news of troubles in the relationship between the electric vehicle maker's chief executive, Elon Musk, and US President Donald Trump, Wedbush Securities said Friday.

Musk opposes Trump's tax bill because he is "upset" about the elimination of EV credits, CNBC reported Thursday, citing Trump. "I'm very disappointed in Elon," Trump reportedly told reporters at the White House. "I've helped Elon a lot."

"Without me, Trump would have lost the election," Musk said in post on social media platform X.

The war of words between the two is likely to put "massive pressure" on Tesla's shares amid concerns that Trump will create a "tough regulatory environment for Musk in the Beltway," Wedbush said in a Friday note to clients.

"Musk needs Trump and Trump needs Musk for many reasons, and these two becoming friends again will be a huge relief for Tesla shares," the brokerage said.

Tesla shares were up 4.6% in recent premarket activity Friday after closing 14% lower Thursday.