Tesla, Stock trader
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Uber (NYSE: UBER) stock and Tesla (NASDAQ: TSLA) stock are seemingly going head to head as the companies work to capitalize on driverless car technology. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now.
Shares of Elon Musk’s electric vehicle maker are falling sharply Thursday as investors fear his dispute with Donald Trump could end up hurting the company.
Musk's net worth on Thursday plunged $34 billion, putting his valuation at $335 billion, according to the Bloomberg Billionaires Index. In addition to Tesla, Musk owns The Boring Company, Neuralink, SpaceX, X (formerly known as Twitter) and xAI.
Retail investors seem to have spotted an opportunity in the sudden feud between U.S. President Donald Trump and his former ally, Tesla CEO Elon Musk, scooping up shares of the electric car maker as they tumbled on the acrimonious standoff.
Tesla shares rebounded Friday, a day after the electric vehicle maker tumbled 14% as the relationship between CEO Elon Musk and President Donald Trump looked to be fraying.
Ross Gerber said Musk's beef with Trump is a "disaster," and used the episode as an opportunity to sell more shares.
The rift between President Donald Trump and Tesla chief Elon Musk has captivated the world as a political drama, but it has also become a Wall Street spectacle, highlighting the risk to equity markets from the world's biggest stocks.
Traders dumped Tesla after Musk quickly responded to Trump's criticism with social media posts that stepped up criticism of the president's tax bill.
Investors fear that the dispute between Elon Musk and President Donald Trump "will stop their friendship and change the regulatory environment for Tesla on the autonomous front over the coming years under the Trump administration,
Tesla’s stock is driven by sentiment, which has soured greatly. Plus, Musk has now alienated Republicans and Democrats alike.