Tesla Stock, Fund With SpaceX Exposure Rebound After Big Selloffs
Tesla stock rose 6.8% to $303.97 in Friday morning trading.
The rise is a relief. Tesla stock was roughly $355 before the feud started escalating. Shares closed at $284.7, dropping 14% on Thursday, wiping out more than $150 billion in market value. It was the largest one-day value loss in Tesla’s history.
The Destiny Tech100 closed-end fund, which trades under the symbol DXYZ, was up 6.4% at $39.88. SpaceX accounts for 52.4% of the fund's holdings. The fund dropped almost 13% on Thursday.
Latest News
- China may make a ‘retaliatory’ move that experts say will ‘hit' US homeowners 'hard.' Here's what's happening
- JPMorgan has had enough of grads accepting future-dated roles elsewhere—and anyone caught will now be fired
- Was Jim Cramer Right About AppLovin Corporation (APP)?
- When will mortgage rates go down to 5%?
- Auto & Transport Roundup: Market Talk
- Tensions between the US and China have delayed Apple’s AI rollout in China, FT reports