Tesla shares rise 6.5%, Musk says to cut back DOGE work
ReutersApr 23, 2025 6:17 AM
LONDON, April 23 (Reuters) - Tesla TSLA.F shares rose 6.5% in Frankfurt on Wednesday, after it reported profitability for its core auto business topped rock-bottom expectations in the first quarter, although it missed on other metrics such as revenue and net profit.
Traders were also digesting chief executive officer Elon Musk saying he would significantly cut back the time he devotes to the U.S. administration from next month and spend more time running his many companies.
Tesla shares TSLA.O traded up around 5% in after hours trading on Tuesday.
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