Tesla shares have surged almost 50% since the company was rocked by a very public clash between CEO Elon Musk and US President Donald Trump in June. On June 5, 2025, the feud sent Tesla stock tumbling 14% in a single session, wiping $150 billion off its market value. The sell-off drove shares to an intraday low of $284.70 amid fears that Musk’s political fallout with Trump could dent the company’s growth prospects. Insider confidence: Musk’s $1 billion open-market purchase of Tesla stock in mid-September proved pivotal. By mid-September, the political fallout had been overtaken by operational performance and Musk’s vote of confidence via his own wallet.