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

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

Jun 5, 2025 11:37 PM

LONDON (Reuters) -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.

Trump threatened to cut off government contracts to Musk's companies, while Musk suggested Trump should be impeached, turning their relationship into an all-out brawl on social media.

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

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