Tesla's Remarkable Recovery

After an initial drop of 6% at the opening bell due to a disappointing deliveries report, Tesla Inc. witnessed a significant turnaround. The shares surged almost 5% by mid-morning, reaching $281.4300 apiece at 11:38 am CET.

Elon Musk's Strategic Move

The rebound was fueled by reports of CEO Elon Musk stepping down from his advisory role in the Trump administration. This decision has sparked optimism among investors, who see it as a strategic move allowing Musk to refocus his efforts on Tesla, the electric vehicle pioneer.

Investor Confidence Restored

Despite the early setback, the market's response underscores the strong belief in Tesla's potential under Musk's undivided attention. The company's stock performance today reflects a renewed confidence in its future trajectory.

More developments are anticipated as the situation unfolds.