Tesla rises 1% pre-market; Musk regrets post about Trump

Tesla rises 1% pre-market; Musk regrets post about Trump

Tesla's stock surged 1% in pre-market trading on Monday, June 11, 2025, following Elon Musk's public apology for his recent comments about President Donald Trump. This rebound comes after Musk's Twitter post, which sparked a market rout for Tesla shares and a broader sell-off in tech stocks last week.

The stock price, which had been trading around $284 per share before the controversy, rose to $300 in pre-market trading. This marks a significant recovery from the lows reached last week when the stock dropped more than 14% following Musk's public spat with President Trump. The recovery is a positive sign for Tesla, which had been struggling to maintain its market position amidst geopolitical tensions and regulatory challenges.

Musk's apology, which he made on Twitter, acknowledged the impact of his comments on the stock price and the broader market. He stated, "I regret the impact of my comments on Tesla’s stock price and the broader market." This move by Musk is seen as an attempt to stabilize the company's image and restore investor confidence.

The pre-market rally for Tesla is also being driven by positive news from the company's autonomous vehicle testing in Austin, Texas. Tesla is now listed as "testing" on Austin's official website, signaling its entry into the robotaxi market. This development comes after years of delays and broken promises, positioning Tesla to compete with other companies like Alphabet's Waymo.

The broader market also reacted positively to the news, with the S&P 500 and Nasdaq Composite indices showing gains in pre-market trading. The positive sentiment is being fueled by optimism surrounding the upcoming meeting between top U.S.-China officials, which is expected to discuss a potential trade deal.

Investors are closely watching the developments at Tesla and the broader geopolitical landscape to gauge the potential impact on the stock market. The pre-market rally for Tesla is a positive sign for the company and the broader tech sector, but the market remains cautious amidst ongoing geopolitical tensions and economic uncertainties.

References:

[1] https://www.fxleaders.com/news/2025/06/10/tsla-tesla-rides-back-on-1-trillion-market-valuation/
[2] https://ca.finance.yahoo.com/news/stock-market-today-dow-sp-500-nasdaq-slide-as-tesla-dives-14-on-trump-musk-escalation-200450230.html
[3] https://finance.yahoo.com/news/live/stock-market-today-sp-500-nasdaq-slide-as-tesla-dives-on-trump-musk-escalation-152221229.html
[4] https://au.investing.com/news/stock-market-news/us-stock-futures-flat-as-tesla-steadies-after-rout-nonfarm-payrolls-awaited-3879488