Trump Media Stock Bounces After President's Public Dustup With Elon Musk

As some of the dust clears after Thursday's public dustup between President Donald Trump and Elon Musk, Tesla isn't the only stock regaining ground.

Shares of Trump Media & Technology Group (DJT), parent company of the Truth Social platform, were recently up more than 4%, something of a rebound from yesterday's 8% drop. Tesla (TSLA), which yesterday fell more than 14% en route to a roughly $150 billion decline in market value, were also higher, recently up nearly 6%.

Where the apparent breakup of Trump and Tesla CEO Musk is headed remains an open question, with the two men—Musk invested heavily in Trump's re-election and worked until recently in his administration—having yet to publicly reconcile after a dramatic back-and-forth that culminated yesterday in a range of personal, political and other recriminations.

Trump Media's shares have mostly fallen this year, dropping roughly 40%, though even yesterday's pullback still has them off levels seen in April, when the stock—recently changing hands around $21—closed below $17.

The company has lately been working toward deepening its business connection to cryptocurrency, raising money to buy bitcoin.

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