Tesla stock rose Thursday. Elon Musk and trade were driving shares higher. Shares of the electric-vehicle maker added 0.4%, closing at $358.43, while the S&P 500 and Dow Jones Industrial Average rose 0.

Tesla CEO Elon Musk said he is ending his role in the Trump administration running cost-cutting agency DOGE, just days after he announced plans to refocus more of his attention on the EV maker.

The Tesla boss said he was back to working "24/7" and that he needed to focus on his companies, including Tesla. The stock is up sharply since April lows.