Dupont Circle Park will close for WorldPride after all

05.06.2025    NBC4 Washington    8 views
Dupont Circle Park will close for WorldPride after all

Tesla shares climbed more than in U S premarket trading Friday recovering slightly after a plunge a day earlier The electric car maker lost billion in industry capitalization Thursday as traders reacted to a constituents feud between CEO Elon Musk and President Donald Trump Musk has been critical of Trump s so-called big beautiful bill calling the package of tax and society spending cuts a disgusting abomination on Thursday Tesla shares climbed in U S premarket trading Friday after tensions between CEO Elon Musk and President Donald Trump fueled a billion rout for the stock a day earlier Shares of Tesla were up in premarket trading as of a m ET Musk and Trump have come to verbal blows in modern days as the Tesla chief s tenure as head of the U S Department of Administration Efficiency came to an end last week Trump initially praised Musk s handling of DOGE an initiative started by the Trump administration that aimed to cut costs within the federal regime However he changed his tone on Thursday after comments from Musk criticizing Trump s so-called big beautiful bill a sweeping package of tax and residents spending cuts Musk slammed the bill on Thursday calling it a disgusting abomination to which Trump replied that though he and Elon had a great relationship he doesn t know if we will anymore Microsoft s stock hits fresh record rallying despite drop in broader marketAnduril raises funding at billion valuation in round led by Founders Fund chairman saysPalantir CEO Karp says AI is dangerous and either we win or China will win Nintendo Switch hype leads to shortages special store opening hours Tesla shares tanked following the populace clash wiping billion from the electric car maker s sphere capitalization and putting it below the trillion benchmark This situation between Musk and Trump could start to settle down and the friendship continues but this must start to be calmed down on the Musk and Trump fronts and it s not good for either side wrote Wedbush Securities analyst Dan Ives in a research note Thursday This feud does not change our bullish view of Tesla and the autonomous view but clearly does put a fly in the ointment of the Trump regulatory framework going forward he added

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