Tesla Stock Rises 3.67% as Analysts Call It Oversold, US Indices Close Higher
Following a call between US President Donald Trump and Chinese President Xi Jinping, it was announced that trade discussions will take place next Monday. Additionally, better-than-expected US non-farm payroll data for May has alleviated concerns about an impending economic slowdown, leading to all four major US indices closing higher on Friday.
Tesla CEO Elon Musk's conflict with Trump had caused a significant drop in Tesla's stock price recently, but on Friday the stock rebounded by 3.67%, closing at $295.14.
