Tesla’s stock just jumped 7.7% in after-hours trading, but investors are still bailing like the ship’s leaking. Elon Musk says he’s stepping back from politics to focus on the company, but that isn’t stopping long-time supporters from walking away.

During a recent Tesla earnings call, Musk said he planned to step back from his government work and refocus on his businesses.

The Tesla innovator becomes the latest government employee to lose his job.

Investors are winding down a volatile but winning week as President Trump’s trade war continues with China in the crosshairs, Elon Musk officially ends DOGE duties, U.S. Steel, Nippon Steel deal proceeds.

Elon Musk made his White House departure official, but both President Trump and Musk say he’ll continue “helping all the way."

As Mr. Musk entered President Trump’s orbit, his private life grew increasingly tumultuous and his drug use was more intense than previously known.

The other director to cash out is Kimbal Musk, the CEO’s younger brother. His 144 indicated nearly 91,600 shares were liquidated to yield a little over $31 million. The Musk sibling, who doesn’t sit in any board committee because he is not officially independent, had last sold a substantial amount of Tesla stock in early February.

Elon Musk wore a dark ‘DOGE’ hat to a press conference President Donald Trump held to bid him farewell. Musk sported a black cap with the acronyms for the Department of Government Efficiency, which he announced he is stepping back from after leading it for months.

Musk said this week that he’s leaving his job as a senior adviser, an announcement that came after he revealed his plan to curtail political donations and he criticized the centerpiece of Trump’s legislative agenda.