Tesla ( TSLA 4.71%) stock gained ground today in the lead-up to its first-quarter earnings results, which were published after the market closed. The electric vehicle (EV) leader's share price ended the day up 4.8% amid a 2.5% jump for the S&P 500 and a 2.7% gain for the Nasdaq Composite.

So far, the stock market looks like a winner on Tuesday. Futures trading suggests the major averages will all open higher after Monday's serious drubbing. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 Corporate America will give investors something more to think about other than whether President Donald Trump will (or even can) fire Federal Reserve Chairman Jerome Powell.

What Happened? Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 8.9% in the morning session after CEO Elon Musk announced plans to limit his involvement at the Department of Government Efficiency,