Tesla Stock, Fund With SpaceX Exposure Rebound

Tesla Stock, Fund With SpaceX Exposure Rebound

Shortly after the market opened, Tesla stock rose 5.4% to $300.09.

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 6.6% in early trading at $39.88. SpaceX accounts for 52.4% of the fund's holdings. The fund dropped almost 13% on Thursday.