Market Impact: Tesla's stock experienced a sharp decline of 14% on Thursday, erasing approximately $150 billion from its market capitalization. This downturn was triggered by a public dispute where Musk criticized Trump's proposed bill to eliminate the $7,500 electric vehicle tax credit, prompting Trump to threaten the termination of federal contracts with Musk's companies, including SpaceX.

However, on Friday, Tesla's shares rebounded by 3.7%, closing at $295.14, amid reports suggesting a potential de-escalation of tensions between the two figures. Despite this recovery, the stock remains under pressure, with analysts noting that Tesla is still trading at a high valuation of 120 times expected earnings.

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