Tesla shares cratered 14% on June 5, the day that the feud hit a fever pitch. The two billionaires began a multi-day spat over the "Big Beautiful Bill" that played out publicly on social media. The sell-off intensified as Trump, when speaking to reporters at the White House, said he was "very disappointed" in Musk's reaction.

Shares of Tesla Inc. (NASDAQ: TSLA) declined 4.55% during Tuesday pre-market session after CEO Elon Musk reignited political comeback rumors following his criticism of President Donald Trump's spending bill.

Magnificent Seven’ tech stocks weighed on the S&P 500 and Nasdaq; Elon Musk sparred with President Trump over the tax-and-spending bill.

After sell-offs in yesterday's trading, Tesla ( TSLA 5.14%) stock is rising Wednesday. The company's share price was up 4.6% as of 2 p.m. ET amid the backdrop of a 0.3% gain for the S&P 500 and a 0.7% gain for the Nasdaq Composite. The stock had been up as much as 5.4% earlier in the session.

Tesla (TSLA) shares rose 3% shortly after markets opened Wednesday even though the electric vehicle maker reported worse-than-expected second-quarter deliveries and production figures. Tesla announced 384,