Tesla stock is on the rise after two big pieces of news came overnight: a reported start date for robotaxi testing and CEO Elon Musk's official government departure.

Tesla Inc (NASDAQ:TSLA) shares are trading higher Thursday after CEO Elon Musk announced the end of his role as a special government employee.

According to the European Automobile Manufacturers' Association, registrations for new Tesla EVs in Europe plunged 49% in April compared to last year. That came despite a 34% surge in overall battery electric car sales there.

During the episode, Cramer showed optimism toward Tesla, Inc.’s (NASDAQ:TSLA) humanoid robot business as he said:

Trump said he would postpone a 50% tariff on the European Union to “rapidly get together” with the bloc’s leadership.

Cathie Wood has been right about Tesla before, and the company is about to launch its highly anticipated Robotaxi service.

Ross Gerber said there are three problems he sees for the EV maker, and that the next six months will be crucial for Musk's company.

The two "Magnificent Seven" stocks rallied in brisk premarket trading after a trade court blocked many of [President Trump's tariffs](

Tesla stock rises despite weak Q1 earnings, declining EV demand, and rising competition. Read here for our bearish thesis on TSLA stock.