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Tesla Stock Surges 22% in May Despite Sales Decline and Musk’s Political Exit
Tesla Stock Surges 22% in May Despite Sales Decline and Musk’s Political Exit
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Tesla’s stock closed May with a 22% gain, defying a 3.34% drop on the final trading day to settle at $346.46. The rally occurred despite stark sales declines in China and Europe, where deliveries fell 25% and 50%, respectively. Elon Musk’s departure from his WHITE House role as head of the Department of Government Efficiency (DOGE) fueled investor optimism, as he pledged to refocus on Tesla.
The electric vehicle Maker announced plans to launch a robotaxi service in Austin on June 12, signaling a strategic pivot. Market attention now turns to Tesla’s earnings report scheduled for July 23, 2025, which will reveal whether operational focus can offset softening demand in key markets.
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