Tesla Stock, SpaceX Fund Claw Back Losses
Tesla stock traded as high as $305.50 and closed just north of $295, up almost 4%, on Friday.
Tesla stock was roughly $355 before the Musk-Trump feud started escalating. On Thursday, shares closed at $284.7, down 14%, wiping out more than $150 billion in market value. It was the largest one-day value loss in Tesla’s history. Friday’s gain recovered more than 20% of Thursday’s loss.
The Destiny Tech100 closed-end fund, which trades under the symbol DXYZ rose 6% on Friday, closing at $39.74. SpaceX accounts for 52.4% of the fund's holdings. The fund dropped almost 13% on Thusday. Friday’s gain recovered about 40% of Thursday’s loss.
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