Tesla stock soars after Elon Musk announces he's 'easing out' of DOGE

New Photo - Tesla stock soars after Elon Musk announces he's 'easing out' of DOGE

Tesla shares have surged more than 20 percent after CEO Elon Musk announced plans to devote much more time to the company starting in May. The news, shared during Tesla's first-quarter earnings call on Tuesday, amounted to an adrenaline shot for shareholders who have been irritated by Musk's divided attention after spending the last three months with the Trump administration. At Friday's close Tesla stock was trading as high as $284.

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