Tesla’s stock was recently right around the price at which it closed the session before a spat between CEO Elon Musk and President Donald Trump culminated in a one-day drop of about $150 billion in Tesla’s market value.

Tesla Inc dropped 14% in a single day yesterday, representing one of its most significant one-day falls in the past few years.

The April panicked sell-off overreactions to President Trump's reciprocal tariff policies resolved in a few weeks, leading some bull runs for stocks as high as over +70% in only 2 months.

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The 'One Big, Beautiful Bill' proposes the accelerated expiration of the EV tax credit. Tesla could see a massive hit if the spending bill passes.

Tesla stock rose 6.8% to $303.97 in Friday morning trading. The rise is a relief. Tesla stock was roughly $355 before the feud started escalating. Shares closed at $284.7, dropping 14% on Thursday, wiping out more than $150 billion in market value.

Tesla (NASDAQ: TSLA) is one of the leaders of the electric vehicle (EV) industry, but investors are more focused on its autonomous full self-driving software (FSD), which CEO Elon Musk believes could help it become the most valuable company in the world.

Tesla's recent stock decline is driven by sentiment and negative headlines, not core business fundamentals. Find out why TSLA stock is a Buy.