Tesla stock has spiked 20% since Musk said he's stepping back from DOGE

As the unofficial head of the Department of Government Efficiency, Tesla CEO Elon Musk has been a key player in the Trump administration.

Mike Segar/REUTERS

• Tesla has surged 20% since CEO Elon Musk said he'd step back from DOGE.
• Musk's involvement with the Trump administration has been a headwind for the shares.
• The stock got a boost on Friday by looser rules pertaining to self-driving vehicles.

With Tesla CEO Elon Musk set to return to Tesla after spending...