India, April 23 -- Shares of Tesla, Inc. were gaining around 7 percent in the pre-market hours on the Nasdaq, continuing an upbeat activity on Tuesday's after-hours, after CEO Elon Musk announced that he will reduce time with President Donald Trump's Department of Government Efficiency or DOGE significantly, starting in May.
The announcement on the luxury electric vehicle maker's earnings call came after reporting disappointing first-quarter profit and revenues with weak volume.
On the Nasdaq, Tesla stock moved 5.4 percent higher in the extended trading on Tuesday after closing the regular trade 4.6 percent higher. The stock is currently gaining 7.2 percent in the pre-market activity, at $255.00. Tesla's stock price had plunged more than ...