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.

The president felt the need to do something after Tesla stock dropped 15.4% on Monday. Falling first-quarter delivery estimates helped push shares lower. Wall Street’s consensus