Reported 3 days ago
Tesla's stock rebounded on Wednesday after reports indicated CEO Elon Musk would reduce his duties in the Trump administration soon. This followed the company's disappointing delivery figures for the first quarter, marking its lowest sales in nearly three years. Despite early losses, shares closed up 5.3% as markets reacted to speculation about Musk's potential informal advisory role at the White House and concerns over current demand issues impacting Tesla's performance in key markets.
Source: YAHOO