According to Golden Finance, in the dynamics of the capital market, Tesla’s pre-market performance on the US stock market was remarkable, with its share price rising by more than 2%. Behind this rally, a statement by Musk has become the focus of the market.
At 11 a.m. Eastern Time on the 11th, Elon Musk, the CEO of Tesla and SpaceX, publicly stated on his social media platform “X” that he regretted some of the posts he made last week about US President Trump, saying, “The content went too far.” Last week, Musk and Trump engaged in a fierce confrontation on social media over the budget led by the Republican Party. Trump accused Musk of “showing extreme disrespect for the presidency”. Before this, Musk had posted an article criticizing the large-scale tax and spending bill that the US government was vigorously promoting, fiercely attacking Trump with his words. He even claimed that without him, Trump would have lost the 2024 presidential election, accusing Trump of being “ungrateful”. He also reposted content related to old news about Jeffrey Epstein, although it was later deleted, it has already caused a huge stir.
With the release of Musk’s apology statement this time, the market seemed to respond positively, and Tesla’s share price in Frankfurt also rose by 2.44% at one point. Some market analysts believe that the previous public dispute between Musk and Trump has, to a certain extent, had a negative impact on Tesla’s market image, causing fluctuations in its stock price. Now that Musk has voluntarily expressed his regret, it may ease the tense situation, stabilize investor confidence and push up the stock price. Previously, due to the “verbal battle” between the two, Tesla’s stock price plunged by 14% at the close of trading on Thursday, and Musk’s personal net worth shrank significantly, evaporating approximately 34 billion US dollars.
As a leading enterprise in the global new energy vehicle and technology fields, Tesla’s every move is closely watched by the market. The rise in the stock price before the market opened this time may not only be influenced by Musk’s statement, but also be related to the market’s continuous optimism about the prospects of its products and technological innovation. Subsequently, whether Tesla’s stock price can continue to rise during the official trading session, how the relationship between Musk and Trump will develop, and whether it will have new impacts on Tesla’s business layout and policy environment will all become the focus of close attention for investors and the industry.
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