Why Tesla Stock Soared This Week

Shares of (NASDAQ: TSLA) are up this week, climbing 10.3% as of market close on Friday. The rise came as the S 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) both sank modestly.

Tesla stock recovered this week after the public spat between CEO Elon Musk and President Trump cooled.

Last week, Musk and Trump found themselves in a very public spat. What began as criticism of Trump's flagship "Big, Beautiful Bill" escalated into personal attacks and serious accusations. Musk deleted his most incendiary post and apologized on X, saying that some of his posts last week had gone "too far." The de-escalation of the situation sent Tesla stock higher.

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Source Fool.com