Elon Musk's break with the Trump administration means investors will hope he refocuses on his sprawling empire as Tesla battles slumping sales and after SpaceX's latest rocket launch fell short of expectations.

Tesla’s stock is rallying as investors cheer a return of Elon Musk as a full-time CEO, and is fast approaching a key chart level that if cleared could target a return to record levels.

Tesla stock dropped on Friday but finished higher for the week as a wild week for CEO Elon Musk became even stranger.

In May 2025, posts surfaced on social media alleging that Jamal Roberts, the winner of Season 23 of "American Idol," had turned down an advertisement for Tesla, the electric car company owned by tech billionaire Elon Musk, without any evidence to corroborate the claim. The assertion was false.

Elon Musk may have stepped away from his duties as the lead of the Department of Government Efficiency and adviser to President Trump, but he’s still active in D.C. circles. This time, he’s on the other side, lobbying lawmakers on legislation related to autonomous vehicles, according to a report by Bloomberg that cited unnamed sources.

Ethics Watchdog Nomination: Trump nominated Paul Ingrassia, a former far-right podcast host, to a new important role: head of the Office of Special Counsel, an independent corruption-fighting agency that safeguards federal whistle-blowers and enforces some ethics laws.

Undeterred, Musk is vowing several more tests soon but the stakes are high and the clock is ticking. NASA hopes to use Starship for future missions to the moon, including one next year that will attempt a lunar orbit and then send the four astronauts aboard back home.

As Tesla’s profits plunge and sales crater, investors still bet on Musk’s promised robotaxis and renewed focus.