New Delhi, May 29 -- Tesla share price jumped over 2.15 per cent in after-hours trading on Wall Street, reaching $364, after CEO Elon Musk announced he would step down from his position as Special Government Employee overseeing the Department of Government Efficiency (DOGE) in the Trump administration.

Tesla stock saw a rally after falling over 1.65 per cent during regular trading on Tuesday, closing at $356.90.

Musk's announcement, posted on his social media platform X, seemed to ease investor concerns about his increasing political activity and how it might affect Tesla's main operations.

"As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to red...