The Elon Musk -led electric vehicle company’s stock was up nearly 5% to $232.70 intraday, making back a small fraction of what it’s lost amid an extended sell-off since President Trump took office. The stock is on pace to fall for the eighth consecutive week, even after the uptick on Tuesday.

I prefer vehicles with internal combustion engines that burn fuels that we have in the United States," Sen. Josh Hawley (R-Mo.) said.