Tesla stock (TSLA) has been under pressure for months, weighed down by concerns over the electric vehicle maker's profitability, a delayed robotaxi timeline, and questions about CEO Elon Musk’s focus.

Tesla's first-quarter earnings report itself was a disaster, but Musk gave investors some much-needed good news on the conference call.

I'll continue to advocate for lower tariffs rather than higher tariffs, but that's all I can do,” Musk said about Trump’s tariffs.