Tesla climbing 2.3 % on Tuesday before the market: What is happening?

Tesla Stock climbing 2.27 % during the pre -market trading session on Tuesday amid the escalating tensions between the CEO Elon Musk And the president Donald Trump.

What happened: During a White House press conference on Monday, Trump confirmed that he will keep the Tesla and Starlink model. When asked about his plans for Tesla, Trump said: “I may move a little Tesla,” and confirmed that the White House will continue to use Starlink, and describes it as “good service.”

Trump also addressed the last controversy between Musk and the United States government, saying: “I wish him well, you understand. We have a good relationship, I wish him well, in fact.”

Reconciliation between Trump and Musk comes after a period of tension, which caused Mossk’s criticism of the proposed legislation of the government to eliminate the support of electric cars and solar energy.

See also: Why may Jeff Bezos appear as the largest winner in the Trump Mosk conflict

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Why do it matterThis news also comes amid Tesla’s recent successes. The Tesla model topped the sales of SUVs in China in May, where more than 24,770 units were sold. Tesla found a bright point in the local market in China, where the company faced its decrease in sales. In May, Tesla sales in the region increased by more than 34 %, supported by the opening export of the updated model Y.

In addition, the highly expected Robotaxi launch at Tesla in Austin on June 12 was a big batch, with the company officially named as an independent vehicle operator by the city.

Photo via Shutterstock

Disintegration: This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Beenzinga editors.