Tesla stock is on the rise after two big pieces of news came overnight: a reported start date for robotaxi testing and CEO Elon Musk's official government departure.

Tesla Inc (NASDAQ:TSLA) shares are trading higher Thursday after CEO Elon Musk announced the end of his role as a special government employee.

According to the European Automobile Manufacturers' Association, registrations for new Tesla EVs in Europe plunged 49% in April compared to last year. That came despite a 34% surge in overall battery electric car sales there.

Tesla stock surged in after-hours trading on May 29, 2025, gaining over 2.15% to reach $364. The rally comes after Tesla closed the regular session 1.65% lower

During the episode, Cramer showed optimism toward Tesla, Inc.’s (NASDAQ:TSLA) humanoid robot business as he said:

Ross Gerber said there are three problems he sees for the EV maker, and that the next six months will be crucial for Musk's company.

Tesla investors sent a letter to the company's board chair demanding Elon Musk returns to work as tech billionaire steps away from Washington.

Trump said he would postpone a 50% tariff on the European Union to “rapidly get together” with the bloc’s leadership.

Tesla stock rises despite weak Q1 earnings, declining EV demand, and rising competition. Read here for our bearish thesis on TSLA stock.