Tesla stock extended its rally for a fourth straight session Wednesday as tensions between Musk and President Trump appeared to ease.

Tesla Inc dropped 14% in a single day yesterday, representing one of its most significant one-day falls in the past few years.

Tesla (NASDAQ: TSLA) has been trading like a penny stock so far this year. The most recent drama was due to a public feud between CEO Elon Musk and President Donald Trump. It wiped out about $150 billion of market value last week, but Musk’s apology post on X early Wednesday boosted a relief rally.

The leading electric vehicle company is struggling, as its CEO just started feuding with the president of the United States.

Concurrently, higher-margin software products such as FSD are becoming increasingly crucial to Tesla’s growth narrative as its core EV business faces

"It is a convergence among three of our major platforms. So robots, energy storage, AI," Wood said of Tesla.

Tesla ( TSLA 5.66%) stock has tumbled 22% year to date amid a myriad of business and political headwinds, and Wall Street anticipates further declines. The average target price among 55 analysts is $289 per share, which implies 8% downside from the current share price of $316.

Tesla stock traded higher early Wednesday as shares continue to recover from last week's sell-off with the feud between Elon Musk and President Trump cooling down.

Musk attempted to appeal to a F-150 and Ram crowd that hates his cars, while completely losing the Tesla crowd that loved his cars.’ Tesla is anything but a boring stock, Ill