Tesla (TSLA) Stock Rises as Elon Musk Steps Away from Trump Administration Role

From Nasdaq: 2025-05-29 12:21:00

Tesla shares surged over 2% as CEO Elon Musk stepped away from his advisory role in Trump’s administration. Investors hope for a renewed focus on Tesla’s core business, including the robotaxi rollout. Musk’s political ties had sparked protests and brand damage, impacting Tesla’s sales outlook. Analysts view his departure as crucial for Tesla’s recovery.



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