Tesla (TSLA) stock jumped nearly 5% in after-hours trading on Tuesday, even as the company posted weak auto sales and a steep 71% profit drop

Elon Musk says he’ll dedicate more time to Tesla starting in May after the company reported a big drop in first-quarter profit.

Tesla's net income dropped 71% year-over-year. Elon Musk makes stunning claim after Tesla profits plummet: 'If the ship of America goes down, Tesla will go with it' first appeared on The Cool Down.

U.S. stock index futures leapt on Wednesday after President Donald Trump pulled back on his threats to fire Federal Reserve Chair Jerome Powell and raised hopes for a trade deal with China. Shares of Tesla,

U.S. stock futures point to a higher opening after President Donald Trump said he has “no intention” of firing Federal Reserve Chairman Jerome Powell.

Tesla shares are rising despite a weak first-quarter performance marked by declining revenue, shrinking margins, and slowing demand for its electric vehicles globally.

Tesla reported a first-quarter earnings miss after Tuesday's closing bell, and MarketWatch broke down the results and followed along the post-earnings call. The miss seemed irrelevant for the stock, which rallied nearly 5% as investors cheered news that Chief Executive Elon Musk is expecting to spend more time at the EV maker and less time on DOGE starting next month.

Tesla stock jumped in Tuesday's trading thanks to bullish momentum for the broader market. The EV company then reported its Q1 results after the market closed, and sales and earnings performance fell far short of the average Wall Street target.