As some of the dust clears after Thursday’s public dustup between President Donald Trump and Elon Musk, Tesla isn’t the only stock regaining ground.
Shares of Trump Media & Technology Group (DJT), parent company of the Truth Social platform, were recently up more than 4%, something of a rebound from yesterday’s 8% drop. Tesla (TSLA), which yesterday fell more than 14% en route to a roughly $150 billion decline in market value, were also higher, recently up nearly 6%.
Where the apparent breakup of Trump and Tesla CEO Musk is headed remains an open question, with the two men—Musk invested heavily in Trump’s re-election and worked until recently in his administration—having yet to publicly reconcile after a dramatic back-and-forth that culminated yesterday in a range of personal, political and other recriminations.
Trump Media’s shares have mostly fallen this year, dropping roughly 40%, though even yesterday’s pullback still has them off levels seen in April, when the stock—recently changing hands around $21—closed below $17.
The company has lately been working toward deepening its business connection to cryptocurrency, raising money to buy bitcoin.
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