By Suzanne McGee and Saqib Iqbal Ahmed
NEW YORK (Reuters) -Retail investors seem to have spotted an opportunity in the sudden feud between U.S. President Donald Trump and his former ally, Tesla CEO Elon Musk, scooping up shares of the electric car maker as they tumbled on the acrimonious standoff.
Trump on Thursday threatened to cut off government contracts with Musk’s companies, as the once-close ties between the world’s richest and most powerful man unraveled publicly on their rival social media platforms in a feud over the president’s sweeping tax-cut bill.
Tesla’s stock plunged 14.3% on Thursday, the 11th worst daily drop since the company went public in June 2010. As retail traders hunted for bargains, the stock rose 5.6% to $299 at mid-afternoon on Friday, though it was unclear ho