Trump says ‘I’m not even thinking about Elon’ as Musk loses $33bn in net worth amid feud – live

Trump tells CNN Musk ‘has a problem’ and that he does not plan to speak to the Tesla CEO for a while

Trump says Musk has ‘lost his mind’ and dismisses peace offering

Tesla shares rose on Friday as investors took some comfort from White House aides scheduling a call with CEO Elon Musk to broker peace after a public feud with President Donald Trump, reports Reuters.

The electric carmaker’s shares were up about 5% in Frankfurt on Friday, having closed down 14.3% on Thursday in New York, losing about $150bn in market value.

“It’s unlikely that Trump will end subsidies and contracts with Tesla. Those are obviously threats that are unlikely to come into fruition,” Fiona Cincotta, senior market analyst at City Index told Reuters. “I don’t expect this to blow out into anything more serious than a war of words for a couple of days.”