Shares of (NASDAQ: TSLA) are rebounding on Wednesday. The electric vehicle maker's stock gained 5.1% as of 12:22 p.m. ET after falling as much as 6.4% earlier in the day. The recovery comes as the S 500 and Nasdaq Composite gained 0.5% and 0.9%, respectively.

A report suggesting CEO Elon Musk may soon leave his role in the Trump administration to refocus on his businesses has sparked investor optimism.

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Source Fool.com