Tesla's stock just wrapped its best month since November 2024, as investors embrace Elon Musk's return to the EV maker after rocky DOGE stint.

Elon Musk appears to have incorporated a new company in Texas, according to business filings reviewed by Newsweek. There has been considerable interest in the corporate activities of Musk, the world's richest person, particularly as he has assumed greater political significance as one of President Donald Trump 's close allies.

Elon Musk, the billionaire behind Tesla and SpaceX, has made headlines for his brief tenure at the Department of Government Efficiency. Known for founding PayPal and launching quirky products, he now aims to transform Twitter into an 'everything app' called X,

Today, Trump will hold a dual press conference with Musk in what appears to be an attempt at a final send-off. “This will be his last day, but not really, because he will, always, be with us, helping all the way,” Trump posted on Truth Social, announcing the event. “Elon is terrific!”

"It is very hard to separate Elon Musk's brand from the brand of Tesla, and SpaceX," a Harvard Business fellow told Newsweek.

Musk, the Tesla and SpaceX CEO, worked for Trump’s DOGE effort after spending over $250 million helping to get him elected.

President Donald Trump held a press conference with Elon Musk on Friday afternoon in the Oval Office. Musk, co-founder and leader of Tesla, SpaceX, Neuralink and The Boring Company, is leaving his job as a senior adviser after he revealed his plan to curtail political donations and criticized the centerpiece of Trump's legislative agenda.

Musk leaves behind an operation laden with lawsuits that have characterized many of DOGE’s unilateral cuts as illegal. Its leaders are facing a legal barrage to open up their books to reveal how crucial decisions were made and what Musk’s true role was in the process. The Supreme Court is weighing the most advanced effort to pierce DOGE’s secrecy.

Elon Musk's close aide Steve Davis has exited the Department of Government Efficiency following Musk's decision to step back from his government role, marking a major leadership shake-up.