ARK Invest CEO Cathie Wood believes Elon Musk’s public feud with President Donald Trump could ultimately benefit Tesla (TSLA), despite the immediate market chaos that wiped $152 billion from the company’s value in a single day.

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.

After a heated online feud, US President Donald Trump said he still likes Tesla, even joking about Elon Musk at a White House event. Musk, who had called for Trump's impeachment, admitted his posts "went too far.

President Trump has been feuding with Elon Musk over The One, Big, Beautiful Bill. Here's why Musk could have suddenly changed his tune on the Trump administration.

White House aides scheduled a call between Donald Trump and Elon Musk for Friday, Politico reported, after a huge public spat that saw threats fly over government contracts and ended with the world's richest man suggesting the US president should be impeached.

President Trump told reporters Thursday that he was "amazed" Elon Musk had endorsed him in the first place, given Trump's long-standing position on electric vehicles that would hurt Musk's company. Why it matters: In the aftermath of Trump and Musk's fallout — which shifted from scorched earth calls to impeachment to a more peaceful stalemate — the president and the former DOGE head have struck a conciliatory tone.

Verve Communications Prue MacSween claims US President Donald Trump and Elon Musk’s social media fighting is “pathetic”.