Tesla Shares Surge as Elon Musk Shifts Focus from DOGE to Company

Elon Musk’s decision to scale back his involvement in the Trump administration’s Department of Government Efficiency (DOGE) has fueled a surge in Tesla stock. Following his announcement during Tesla’s Q1 2025 earnings call, shares rose by over 5% in after-hours trading on April 22, reaching $250.80 after gaining 4.6% throughout the regular session. This comes after Tesla reported a revenue decline and a significant drop in profits during the quarter.