AmeriCorps has become the latest target of Elon Musk’s Department of Government Efficiency, with $400 million in grants on the chopping block. According to The Washington Post, DOGE has ordered the national service program deploying thousands of volunteers across America to terminate nearly 41 percent of its total 2025 funding.

During an April 22 earnings call for Tesla, Elon Musk announced that he would reduce his hours with DOGE, starting next month, to focus on his role as Tesla's CEO. This announcement came a week after the White House press secretary fired back at claims on X, formerly Twitter, that Musk was leaving his position in the coming weeks.

The stock got a fresh boost on Friday as the US Department of Transportation announced looser rules for self-driving cars.