Tesla (NASDAQ: TSLA) has been trading like a penny stock so far this year. The most recent drama was due to a public feud between CEO Elon Musk and President Donald Trump. It wiped out about $150 billion of market value last week, but Musk’s apology post on X early Wednesday boosted a relief rally.

What Happened? Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 3.5% in the afternoon session after tension between CEO Elon Musk and President Donald Trump continued to cool off. This de-escalation was likely a major relief for investors who had been worried about the potential negative impacts on Tesla's business,

The latest tempest around Tesla's shares appears to have passed. Tesla’s (TSLA) stock is rising for a fourth straight day and was recently right around the price at which it closed June 4. That was the session before a spat between CEO Elon Musk and President Donald Trump led to a remarkable series of social-media posts and statements that