Tesla ( TSLA 4.71%) stock gained ground today in the lead-up to its first-quarter earnings results, which were published after the market closed. The electric vehicle (EV) leader's share price ended the day up 4.8% amid a 2.5% jump for the S&P 500 and a 2.7% gain for the Nasdaq Composite.

Tesla’s innovation-led strategy and industry leadership contrast with short-term financial softness and speculative enthusiasm. Read why TSLA stock is a hold.

Tesla's stock price has unexpectedly shot up after the Q1 2025 earnings report. Although financial results declined, Musk’s announcement that he’ll be stepping back from the government to focus on Tesla likely contributed to the stock increase.