A report from Politico that Musk could step back from his role in the White House helped boost the stock after Q1 deliveries came in weaker than expected.

Tesla's stock turned positive Wednesday as a report suggested that CEO Elon Musk might be stepping back from some of his government work. Shares of Tesla (TSLA) recently were up 5.5% to above $283, climbing back into the green after the company's latest quarterly deliveries news pulled them lower in morning trading.