Tesla stock rose Thursday. Elon Musk and trade were driving shares higher. Shares of the electric-vehicle maker added 0.4%, closing at $358.43, while the S&P 500 and Dow Jones Industrial Average rose 0.

Tesla’s stock is rallying as investors cheer a return of Elon Musk as a full-time CEO, and is fast approaching a key chart level that if cleared could target a return to record levels.

Musk’s work leading DOGE, President Donald Trump’s initiative to slash federal agencies and their resources, is coming to a formal end.

Tesla stock is on the rise after two big pieces of news came overnight: a reported start date for robotaxi testing and CEO Elon Musk's official government departure.

Tesla shares slid Friday, but posted gains for the week and second straight month as CEO Elon Musk steps back from his role leading the cost-cutting Department of Government Efficiency.

Less than two months after Karoline Leavitt said it was “garbage” that Elon Musk would soon be leaving DOGE, Elon Musk is leaving DOGE. It was early April when the White House press secretary dismissed reports that Musk would be taking a step back within weeks or months from his high-profile chainsaw-waving role in Washington,

Tesla stock dropped on Friday but finished higher for the week as a wild week for CEO Elon Musk became even stranger.

According to the European Automobile Manufacturers' Association, registrations for new Tesla EVs in Europe plunged 49% in April compared to last year. That came despite a 34% surge in overall battery electric car sales there.