The automaker's shares rose nearly 8% on Wednesday after Musk said he would cut back his work for President Trump to a day or two per week.

Elon Musk intends to focus more on his job as Tesla CEO, but it’s unclear if the billionaire will be able to solve a big problem of his own making: damage to its brand.

Tesla investors breathed a sigh of relief after CEO Elon Musk said he would refocus his attention on the electric automaker, but that promise did not entirely dispel worries that his right-wing shift had irrevocably damaged the company's brand.

Tesla employees are testing autonomous EVs in Austin and San Francisco ahead of a ride-hailing service rollout in Austin this summer.

Tesla Inc. has expanded its testing of a ride-share app to employees in Austin, as the company pushes toward a June launch of an autonomous version of the service.

Sales in the EU plunged for the third consecutive month, a setback for Elon Musk’s EV maker even as demand for battery-electric vehicles grew in the bloc.