Tesla shares climbed more than 3% in U.S. premarket trading Friday, recovering slightly after a 14% plunge a day earlier. The electric vehicle maker lost $152 billion in market capitalization Thursday as traders reacted to a public feud between CEO Elon Musk and President Donald Trump.

Musk's net worth on Thursday plunged $34 billion, putting his valuation at $335 billion, according to the Bloomberg Billionaires Index. In addition to Tesla, Musk owns The Boring Company, Neuralink, SpaceX, X (formerly known as Twitter) and xAI.

Tesla’s stock was on the verge of a technical breakthrough. Then Musk and President Donald Trump had a very public fallout.

Traders dumped Tesla after Musk quickly responded to Trump's criticism with social media posts that stepped up criticism of the president's tax bill.

Shortly after the market opened, Tesla stock rose 5.4% to $300.09. The rise is a relief. Tesla stock was roughly $355 before the feud started escalating. Shares closed at $284.7, dropping 14% on Thursday,

Tesla shares rebounded Friday, a day after the electric vehicle maker tumbled 14% as the relationship between CEO Elon Musk and President Donald Trump looked to be fraying.

Due to Tesla's innovation and diversification, 24/7 Wall St. sees strong upside potential for the stock by the end of the decade.

Tesla stock extended declines from earlier in the week as Trump and Musk traded words over the GOP budget bill, which Musk has described as an "abomination."

Tesla's stock surge may not align with its weakening fundamentals, cash concerns, and high valuation. Read here for an analysis of TSLA stock.

Tesla shares dropped for a second straight day on Thursday, as a public spat between CEO Elon Musk and President Donald Trump escalated.