Tesla gains 4% premarket after yesterday's selloff - Breaking The News

Tesla gains 4% premarket after yesterday's selloff

6 June

1 min read

EPA-EFE/MAURITZ ANTIN

Tesla Inc. shares rebounded somewhat ahead of Friday's trading session following a dramatic drop yesterday that saw the stock plunge over 14% at market close. The selloff was motivated by CEO Elon Musk's public conflict with United States President Donald Trump after Musk exited the administration, where he headed a government efficiency initiative.

Tesla rose by 4.46% premarket at 4:43 am ET, going for $297.36. So far this year, the automaker's shares are down 29.5%.

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