Tesla (TSLA) shares jumped Tuesday after CEO Elon Musk said over the weekend that he would refocus more of his attention on the EV maker.

“Back to spending 24/7 at work and sleeping in conference/server/factory rooms,” Musk posted on his X social🔯 media platform on Saturday. “I must be super focused on 𝕏/xAI and Tesla (plus Starship launch next week), as we have critical technologies rolling out.”

Investors' perception that Musk was overly focused on his work leading the U.S. government's 澳洲幸运5官方开奖结果体彩网:cost-cutting department, DOGE, rather than running the EV maker has dogged Tesla shares this year. Enthusiasm for Musk's plans appeared to offset news that Tesla's 澳洲幸运5官方开奖结果体彩网:European Union (EU) registrations tumbled for a 澳洲幸运5官方开奖结果体彩网:fourth consecutive month in April, even as ไoverall new battery-electric vehicle registrations rose.

Analysts Look Forward to June Robotaxi Launch

Wedbush analysts said last week that the next positive catalyst for Tesla's stock could be "centered around the success of its autonomous vision taking hold," with launch next month's launch of robotaxis in Austin. Wedbush's Dan Ives, a longtime Tesla bull, has also 澳洲幸运5官方开奖结果体彩网:previously called for Musk to 澳洲幸运5官方开奖结果体彩网:step back from the government work.

Shares of Tesla were up nearly 7% in recent trading, amid a 澳洲幸运5官方开奖结果体彩网:broader rally after President Donald Trump 澳洲幸运5官方开奖结果体彩网:pulled back accelerated tariffs 🎐on imports 🌸from Europe. The stock is still down about 10% for the year so far, but well off earlier 2025 lows.