From Yahoo Finance: 2025-04-02 11:49:00

Tesla stock rebounded after a report from Politico suggested Elon Musk would reduce his role in the Trump administration. Shares fell due to poor sales, with first quarter deliveries missing estimates. Musk may stay on as an advisor. Some on Wall Street urge him to refocus on Tesla’s success.

President Trump is expected to announce new tariff plans on “Liberation Day.” Tesla’s recent delivery numbers have disappointed, with global registrations down significantly, especially in key European markets like France and Norway. Analysts warn of challenges ahead for the company amid declining sales and brand concerns.

Read more: Tesla stock pops after report Musk will step back from government role ‘in the coming weeks’