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.

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.