TNB Tech Minute: Musk, Trump, and Tesla Investors Take a Pause After Public Feud
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Here's your TNB Tech Minute for Friday, June 6th. I'm Victoria Craig for The Wall Street Journal.

Tesla investors have put aside, for now, the very public falling out between President Trump and Elon Musk. The electric vehicle maker's shares rose 3.6 percent today on Wall Street after plunging 14 percent in the prior session. The dispute between the president and the tech billionaire could raise questions, though, over the $5 billion debt sale for Musk's artificial intelligence company, XAI. The sale launched this week and is scheduled to close later this month.

Earlier this year, there was overwhelming demand for debt backed by X due to the then-butting alliance between Musk and Trump. Meanwhile, President Trump is planning to extend for a third time enforcement of a law banning or forcing the sale of TikTok, people familiar with the matter told the Journal. The White House did not respond to a request for comment.

The extension comes as trade tensions between the U.S. and China continue. People familiar said a day after the president enacted far-reaching tariffs, representatives from TikTok parent company ByteDance told the White House a deal for a takeover wouldn't be approved by Beijing until there were negotiations over trade and tariffs. President Trump this afternoon posted on Truth Social that the U.S. Treasury and Commerce Secretaries will accompany the U.S. trade representative to London on Monday for a meeting.

with China on trade. And finally, a day after crypto exchange Circle rocketed higher in its debut on the New York Stock Exchange, Gemini Space Station has filed to also go public. The company is one of the largest crypto exchanges in the US based on trading volume, and it's controlled by the Winklevoss twins, billionaire brothers known for their early involvement in Facebook. The company hasn't yet determined how many shares it will offer or in what range it intends to price.

For a deeper dive into what's happening in tech, check out Monday's Tech News Briefing podcast.