(Reuters) – Tesla action bounces more than 3% on Friday in the first exchanges on the New York Stock Exchange in the aftermath of its diving linked to the public quarrel between President Donald Trump and the boss of the automaker, Elon Musk.

Around 2:00 p.m. GMT, the title of the pioneer of electric cars gained 3.5% at 294.84 dollars after dropping Thursday by 14.3% under the move of mutual attacks between the White House tenant and his former advisor.

The fall in the Tesla action led to a loss of $ 150 billion in market capitalization in a single day, the strongest ever recorded.

Thursday, in just a few hours, the tensions between the most powerful man in the world and the richest man in the world broke out spectacularly, first with comments from Donald Trump in front of journalists in the White House, then salvés via social networks.

The American president has notably threatened to end the federal contracts of the firms held by Elon Musk, who said he was favorable to a dismissal of Donald Trump.

“It is unlikely that Trump ends subsidies and contracts with Tesla, these are obviously threats that are unlikely to materialize,” said Fiona Cincotta, market analyst at City Index.

“I do not expect it to lead to something more serious than a war of words for a few days,” she adds.

The Tesla Action climbed on Friday up to more than 5% in the transactions in the fore -bour -over while Politico reported that a telephone interview was planned during the day between Donald Trump and Elon Musk – information confirmed by a White House official in Reuters.

Finally, another Trump administration official said there would be no maintenance between the two men on Friday.

“I don’t even think of Elon. He has a problem, the poor, he has a problem,” Donald Trump told CNN on Friday.

(Written by Samuel Indyk and Shashwat Chauhan, with the contribution of Purevi Agarwal; Blandine Hénault; edited by Augustin Turpin)

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