Tesla’s stock bounces into positive territory, to erase losses suffered after CEO Elon Musk’s controversial comments

Shares of Tesla Inc.
TSLA,
-3.81%
edged up 0.4% in premarket trading Friday, to reverse the losses suffered after a backlash over controversial comments made by Elon Musk, the electric vehicle giant’s chief executive officer. The stock has dropped as much as 1.1% in Thursday’s after-hours session, after slumping 3.8% during the regular session, after International Business Machines Corp.
IBM,
+0.31%
pulled ads from X, formerly known as Twitter, after X’s owner Musk agreed with post that was supportive of an antisemitic conspiracy theory. The decline in Tesla’s stock on Thursday snapped a four-day win streak in which it soared 15.6% to close Wednesday at a one-month high. The stock has tacked on 6.6% over the past three months through Thursday while the S&P 500
SPX,
+0.12%
has advanced 3.2%.