Tesla stock rebounds into positive territory, erasing losses suffered after CEO Elon Musk’s controversial comments
Published: November 17, 2023 at 8:37 a.m. ET
Shares of Tesla Inc. TSLA edged up 0.4% in premarket trading Friday, reversing losses suffered after a backlash over controversial comments from Elon Musk, the electric vehicle giant’s CEO. The stock fell 1.1% during Thursday’s session, after falling 3.8% during the regular session, after International Business Machines Corp. IBM pulled ads from X, formerly known as Twitter, after X owner Musk agreed to a post that supported an anti-Semitic conspiracy theory. Tesla’s stock decline on Thursday ended a four-day winning streak in which it soared 15.6% to…
Shares of Tesla Inc.
TSLA
edged up 0.4% in premarket trading Friday, reversing losses suffered after a backlash over controversial comments from Elon Musk, the electric vehicle giant’s CEO. The stock fell 1.1% in Thursday’s session, after falling 3.8% in the regular session, according to International Business Machines Corp.
IBM
removed ads from X, formerly known as Twitter, after X owner Musk accepted a post supporting an anti-Semitic conspiracy theory. Tesla shares’ decline Thursday ended a four-day winning streak in which they climbed 15.6% to close Wednesday at a one-month high. The stock rose 6.6% over the past three months through Thursday while the S&P 500
SPX
advanced 3.2%.
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