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Fortune

Christiaan Hetzner

'Fake news': Tesla's Elon Musk dashes investor hopes he may finally be leaving politics, insisting he's not going anywhere

Elon Musk Tesla Inc. Donald Trump Dan Ives AFD Brad Schimel DOGE

Elon Musk wears a cheesehead hat as he speaks during a town hall in Green Bay. (Credit: Robin Legrand—AFP via Getty Images)

Elon Musk denied rumors he would soon be leaving the Trump administration. When news leaked in Politico that Trump told his inner circle the Tesla CEO would soon return to the private sector full-time, shares in the beleaguered carmaker surged.

Amid all the grim news around Tesla, investors finally had cause to cheer on Wednesday. Politico leaked rumors that CEO Elon Musk would, at long last, return to run his business empire full-time, leaving his newfound love of politics behind.

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