Tesla stock was rising in early trading on Thursday. Elon Musk and trade are driving shares higher. Shares of the electric vehicle maker were 2.9% higher in premarket trading at $367.30, while S&P 500 and Dow Jones Industrial Average futures were 1.

Elon Musk is leaving Washington after a short but turbulent stint in government and getting back to his numerous businesses, each with their own set of issues for the billionaire to address.

Ethics Watchdog Nomination: Trump nominated Paul Ingrassia, a former far-right podcast host, to a new important role: head of the Office of Special Counsel, an independent corruption-fighting agency that safeguards federal whistle-blowers and enforces some ethics laws.

Tesla stock is on the rise after two big pieces of news came overnight: a reported start date for robotaxi testing and CEO Elon Musk's official government departure.

Tesla’s sales in Washington declined steeply in early 2025 amid fallout over CEO Elon Musk’s work with the White House, even as other EV brands saw a year-over-year increase. Tesla’s fall from grace in Washington has been steeper than in the rest of the U.S.

In a letter, some skeptical backers of the EV company have also asked its board to add a “new, truly independent” member and lay out a succession plan.

Tesla has been profiting off Washington's zero-emission vehicle (ZEV) credits for years now. But the state has recently passed a tax that could change things.