U.S. stock index futures nudged higher on Friday as investors awaited monthly payrolls data, while Tesla shares rebounded on signs of cooling tensions between CEO Elon Musk and U.S. President Donald Trump.

U.S. stock futures were modestly higher early in European trading, with the focus on monthly jobs data for May later. Stocks on Wall Street fell Thursday, with Tesla a major drag amid the intensifying war of words between President Trump and Elon Musk.

Musk's net worth on Thursday plunged $34 billion, putting his valuation at $335 billion, according to the Bloomberg Billionaires Index. In addition to Tesla, Musk owns The Boring Company, Neuralink, SpaceX, X (formerly known as Twitter) and xAI.

Elon Musk’s bitter falling-out with President Trump could be costly for Tesla. As long as he is persona non grata in the Trump administration, Mr. Musk, the chief executive of Tesla, will struggle to persuade Republicans not to gut climate policies worth billions of dollars to the electric car and battery company.

The world’s richest man could lose billions in his fight with world’s most powerful politician. The feud between Elon Musk and Donald Trump could mean Tesla’s plans for self-driving cars hit a roadblock,