Shares of Tesla ( TSLA 4.29%) are rebounding on Wednesday. The electric vehicle maker's stock gained 5.1% as of 12:22 p.m. ET after falling as much as 6.4% earlier in the day. The recovery comes as the S&P 500 and Nasdaq Composite gained 0.5% and 0.9%, respectively.

Then Politico dropped a bombshell, reporting that Musk may step away from his role with DOGE, citing three anonymous sources with close ties to the president. Tesla's stock turned firmly higher, as investors and analysts clearly want Musk to get his focus back on Tesla, which has seen its stock crushed this year after a strong post-election run.

Tesla shares fell Wednesday after the electric vehicle maker's first-quarter deliveries came in below analysts' expectations.

Instead, Tesla stock tumbled more than 50% from its record high in early March, something that has happened only three times before. Shares have since rebounded slightly but remain 45% below their ...

Cathie Wood’s Ark Investment Management LLC remains bullish on Tesla Inc. and expects the stock will hit almost 10 times its current price. (Associated Press) Demand for Tesla cars is declining ...

Tesla shares fell 5.6% on Wednesday, ending the stock's five-day rally from a prolonged slump. The stock had gained more than 27% in the week leading up to Wednesday's session, boosted by the ...

Tesla’s stock closed higher Tuesday for the fifth straight day, a remarkable and sustained rally that has recaptured a quarter of the value it lost in the last three months. It may not last.

Elon Musk's past 24 hours have shown troubling signs for his political and personal fortunes.