Telsa (NASDAQ:TSLA) this week reported a dismal quarterly performance, but investors still rewarded the stock after top boss Elon Musk promised to return his focus to the company from his government advisory role and said the firm's robotaxi and artificial intelligence ambitions remained on track.

The Port of Los Angeles, the largest port in the U.S., predicts a 35% drop in shipments, nearly all from China, in a matter of weeks. Google has told some remote workers that their jobs could be at risk if they don't start attending the office three days per week.

Elon Musk announced Tuesday that he will scale back his involvement with the Trump administration to focus more on Tesla, following a sharp decline in the company’s first-quarter earnings and growing investor frustration over his political work.