While Tesla investors adjust to the global trade bombshell, Wall Street is adjusting to DOGE news. CEO Elon Musk might be stepping back from his Washington, D.C. responsibilities and spending more time in Austin,

Tesla shares rose after Politico reported that CEO Elon Musk could leave his post at the so-called Department of Government Efficiency.

Musk has been seen as a political liability by Trump allies, and his impending retreat comes a day after he spent millions of dollars to support the candidacy of a conservative judge who lost on Tuesday night in the race for a Wisconsin Supreme Court seat, the report said.

The White House said on Wednesday that tech billionaire Elon Musk will stay on to complete his mission to slash government spending and downsize the federal workforce, dismissing media reports that he will leave the role soon.

A senior White House official says President Trump told his Cabinet members that Elon Musk would be leaving his government role in the coming months. White House Press Secretary Karoline Leavitt says Politico’s reporting that Musk would be leaving in “the coming weeks” is “garbage.

President Trump's plan to 'Make America Wealthy Again' has been unveiled. Could it help or hurt your bank account? Plus, Elon Musk is reportedly stepping away from DOGE.

Defense contractor stocks surged on Wednesday after Politico reported that Tesla (TSLA) CEO Elon Musk is expected to step back from his role as

Billionaire entrepreneur Elon Musk could be weeks away from leaving his role in the Trump Administration, according to multiple reports.Both Musk and Trump have decided in recent day that it will soon be time for Musk to return

Tesla stock fell after poor delivery data, but was getting a boost in midday trade after a report said Elon Musk is set to step back from his intensive role in the Trump administration.

Tesla shares slid on Wednesday, continuing their downward trajectory for the year, after a rally over the past few days.

Tesla faced a bearish update from an analyst at J.P. Morgan. The analyst says Musk has caused "unprecedented brand damage." Tesla's valuation remains incredibly high. As the escalating trade war hammers markets,

Tesla stock is dropping in premarket trading Friday because President Donald Trump’s tariff shock has consequences. Shares of the electric-vehicle maker were down 5.3% at $253.22, while S&P 500 and Dow Jones Industrial Average futures were dropping 2.