Tesla sharing price is rising by more than 4% amid reports of Elon Musk that stops Doge | Einsmark news

Tesla share price: Tesla shares have at 1 p.m. 4.21 percent rose at $ 279.76. The Tesla share price initially dropped more than 6 percent after a report that it had delivered fewer electric vehicles in the first three months of the year than in the first quarter of last year. Tesla shares are rising today; Here is why (Reuters) Tesla share price today: Tesla shares rose almost 5 percent on Wednesday after reports of its billionaire CEO who left his role with the US government. Tesla sales fell 13% in the first three months of the year, suggesting that the company does not attract enough buyers. Tesla sharing price rose by 4.21 percent at $ 279.76. The Tesla share price initially dropped more than 6 percent after a report that it had delivered fewer electric vehicles in the first three months of the year than in the first quarter of last year. Why are Tesla shares rising today? Tesla’s share price is rising today after Politico reported that Elon Musk, CEO of the company, will step back from his role with the Department of Government Efficiency (Doge) – a stunt that has seen its declining involvement in the firm. Elon Musk was more involved in his Doge role and apparently couldn’t focus on Tesla. His actions at Doge also created global protests, with protesters raising Tesla cars and Tesla showrooms. Does Elon Musk resign from Doge? According to a report of politico referring three people close to the president, Donald Trump revealed that Elon Musk stops dogs for members of his cabinet and other close contacts. Donald Trump instructed Tesla and SpaceX CEO to lead efforts to cut the government’s funding and dissolve different US agencies as a special employee. Politico reported that Trump and Musk have decided in recent days that Musk will return to his businesses soon, despite the fact that the president is satisfied with Musk’s work at the Department of Government Efficiency or Dog. However, Karoline Leavitt, White House press secretary, calls the report “garbage”. “Elon Musk and President Trump have both * declared in public * that Elon will deviate from the public service as a special government employee when his incredible work is completed at Doge,” she wrote on X. Tesla shares fell 13% in three months of Tesla shares in the first three months of the year, reports the Associated Press. The double-digit decline is probably due to a combination of factors, including the outdated series, competition from opponents and a setback of Musk’s embrace of right-wing politics. It is also a warning that the company’s earnings report could disappoint investors later this month. Tesla reported deliveries from 336,681 worldwide in the January to March quarter. The figure was lower than 387,000 in the same period a year ago. The decline comes despite deep discounts, zero financing and other incentives. (With inputs of AP) catch all the business news, market news, news events and latest news updates on live mint. Download the Mint News app to get daily market updates. Business NewsMarketsstock MarketSla -Share price rises by more than 4% amid reports of Elon Musk that has stopped more published: 3 Apr 2025, 01:19 IST