Tesla Stock Is Rising Again. Musk to Withdraw Bid if OpenAI Remains a Nonprofit
Tesla stock snapped a painful five-day losing streak on Wednesday. Giving investors a chance to think about rewards instead of just the risks.Shares of the electric-vehicle maker were up again in early trading Wednesday. The Wall Street Journal reported Thursday that Musk was prepared to drop his bid if OpenAI remained a nonprofit, citing court filings.Musk's other activities outside of Tesla make investors in his car company nervous from time to time. Distraction is a risk, but so is financing. If Musk wins his OpenAI bid, it could mean billions in his Tesla stock sold to fund the deal.Shares were up 2% in premarket trading on Thursday at $343.24 after Wednesday's 2.4% gain. S&P 500 and Dow Jones Industrial Average futures were up about 0.1%."Tesla's stock has been under heavy pressure for a myriad of reasons in 2025 after a historic run post President [Trump's] win in November," wrote Wedbush analyst Dan Ives in a Wednesday evening report.This content was created by Barron's, which