The stock got a fresh boost on Friday as the US Department of Transportation announced looser rules for self-driving cars.

Even the perma-bull crowd of analysts covering Tesla warned of sorely disappointing results in Q1, a view signaled by the poor deliveries for the quarter reported in early April. But the numbers released after the market close on April 22 were much,

During a call with investors on Tuesday, Musk said he plans to scale back his work at DOGE to a day or two starting in May in an effort to focus on Tesla after its net income dropped. Tesla’s revenue fell 9%,

Tesla finished a strong week with a nearly 10% jump on April 25, driven by a government push toward self-driving vehicles. U.S. Transportation Secretary Sean Duffy introduced a new framework for autonomous vehicles on Thursday that eases some rules.

The Trump administration announcement that it aims to speed deployment of self-driving vehicles by exempting some from certain safety requirements and easing rules requiring reporting of safety incidents sent Tesla shares up nearly 10% on Friday.

Tesla shares jumped almost 10% on Friday after President Donald Trump’s administration announced a plan to fast-track self-driving vehicles in the United States.