Tesla's first-quarter earnings report itself was a disaster, but Musk gave investors some much-needed good news on the conference call.

The electric vehicle Goliath has suffered a series of blows that have derailed its stock price, frustrated investors, and looted hundreds of billions of dollars off CEO Elon Musk's net worth. Much of the damage has arguably been self-inflicted.

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.

U.S. markets are poised to open with big gains, a clear sign of relief after President Donald Trump said he would not attempt to fire the head of the Federal Reserve

U.S. stock index futures leapt on Wednesday, after President Donald Trump backed off from his threats to fire the head of the Federal Reserve and raised hopes for a trade deal with China. Shares of Tesla,

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.

Tesla shares climbed Wednesday as investors focused on comments from Tuesday's earnings call rather than the electric vehicle maker's disappointing first-quarter results.

Based on the earnings report sales numbers, it doesn’t seem like they’ve had many takers. Musk on Tuesday seemed to shrug off the bad financials, posting a “man shrugging”