Ross Gerber said Musk's beef with Trump is a "disaster," and used the episode as an opportunity to sell more shares.

A breakdown in relations between President Trump and Elon Musk slammed Tesla stock Thursday, along with assets associated with the U.S. leader. Tesla shares regained some ground early Friday. Shares of Musk’s electric-vehicle maker rose around 4% in morning trading.

Tesla is expected to launch its robotaxi service in Austin, Texas, as soon as this week, with the electric vehicle maker's stock in need of positive news after a week marked by political strife between CEO Elon Musk and President Trump.