Tesla and SpaceX CEO Elon Musk waves as he attends a conference during the Saudi-US investment forum in Riyadh on May 13, 2025. Musk’s compensation is being considered by a special committee.

Inc Tesla shares jumped over 5% in pre-market trading Wednesday after a bruising first-quarter earnings report revealed a 20% plunge in auto revenue and a 71% drop in net income. The rally came ...