Tesla jumps 5% in premarket trading as stock reels from Trump-Musk drama

Core Points - Tesla shares experienced a 5.1% increase in premarket trading following a significant $152 billion drop in stock value due to tensions between CEO Elon Musk and former President Donald Trump [1] - The conflict escalated after Musk criticized Trump's tax and spending package, leading to a shift in Trump's previously positive stance towards Musk [2] Group 1 - Tesla shares rose by 5.1% in premarket trading as of 5 a.m. ET [1] - The stock had previously suffered a $152 billion rout due to tensions between Musk and Trump [1] - Musk's tenure as head of the U.S. Department of Government Efficiency ended last week, coinciding with the rising tensions [1] Group 2 - Trump initially praised Musk's management of the DOGE initiative aimed at reducing federal costs [2] - Musk referred to Trump's tax and spending package as a "disgusting abomination," prompting a negative response from Trump [2] - Trump expressed uncertainty about the future of his relationship with Musk following the criticism [2]