Tesla (NASDAQ: TSLA) shares rose 10.3% as of market close on Friday, despite declines in the S&P 500 and Nasdaq Composite. The increase followed the resolution of a public dispute between CEO Elon Musk and President Trump, with Musk apologizing for his comments on social media.
Additionally, Tesla has postponed its robotaxi launch in Austin, Texas, now targeting a revised date of June 22, after initially planning to start operations on June 12. Despite this setback, the company’s stock continued to rise.
Musk had previously predicted that there would be 1 million robotaxis on the road by 2020, raising concerns about Tesla’s ability to meet future targets as vehicle sales experience significant declines.
