US EditionTesla shares rise after Musk says he’s back at his companies ’24/7′
- Tesla's CEO Elon Musk announced on social media that he is returning to work around the clock at Tesla and other companies as of late May 2025.
- Musk's renewed focus follows shareholder concerns about his divided attention due to his political role and multiple business commitments, prompting a promise to reduce time running the Department of Government Efficiency.
- Since Musk's statement, Tesla shares have risen 7% since last Friday, trading near $362, recovering from a nearly 50% drop earlier this year partly caused by falling sales and tariff worries.
- Musk emphasized the need for "major operational improvements" after recent X platform outages and underlined his commitment to managing Tesla, X, and xAI as they prepare to launch critical technologies.
- This intensified involvement could improve investor confidence and support upcoming Tesla projects, including an anticipated affordable vehicle and a robotaxi service planned for summer 2025.
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Tesla Shares Rise on Musk's Return - MarketWatch
Shares of Tesla advanced after Elon Musk said he would get back to his main gig leading the EV maker and spend less time working for the Trump administration. The stock was up 6.5% at $253.51 in premarket trading. Shares had fallen 41% year-to-date when the market closed Tuesday.
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Business InsiderReposted by 
The New York Ledger
The New York LedgerElon Musk says he's back to sleeping at work, and Tesla investors are thrilled
What it means: The comments have bolstered investors' confidence in Tesla. Shareholders have raised concerns about Musk not spending enough time working at his car company in recent years, particularly after he took up a role in the DOGE office.
·United States
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