After a tumultuous months-long period by President Trump’s side, Elon Musk is turning his attention back to his companies, including the stumbling electric vehicle maker Tesla Inc.
Musk announced on X last week that his time as a special government employee was over.
Tesla investors welcomed the news, hoping that Musk’s departure from Washington would boost his car company’s reputation and lagging performance .
Since Musk began his role leading the White House advisory team called the Department of Government Efficiency in January, Tesla’s stock has fallen roughly 12%. On Tuesday, the shares closed at $332, down 3.5%.
The Austin, Texas-based company — which has a significant manufacturing operation in Fremont, Calif., and is the dominant EV company in the state — has been the sub