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Tesla stock plunges as Trump and Musk turn to blows

Now, the White House is looking to broker “peace talks” between the two billionaires. By Stewart Burnett

Tesla shares plunged 14% on Thursday, wiping out approximately US$150bn in market value, as a simmering feud between chief executive Elon Musk and President Trump escalated dramatically. Shares in Frankfurt subsequently rose 5.6% on Friday after Politico reported White House aides had scheduled a call with Musk to broker peace.

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