Tesla shares soared 20% this week after CEO Elon Musk announced he is stepping back from DOGE to refocus on Tesla. Musk confirmed he would devote more time to the company during Tesla’s first-quarter earnings call. This sparked a rally that pushed the stock to $286.85 from Tuesday’s close of $237.97. Wedbush Securities’ Dan Ives praised the shift, calling it potentially Musk’s most critical conference call to date. Musk’s collaboration with the Department of Government Efficiency prompted Tesla boycotts and protests earlier this year and had weighed on the brand.
