Telescopic adjustment wont move - I'm Suck!!

[Mattrsupplyco]

Hey all,

I’m stuck trying to fix the telescopic function on my steering wheel and could use some guidance.

The issue: I’m not entirely sure how the adjustment handle is supposed to engage or release the lock that controls the telescopic movement.

I’ve attached some photos for reference. From what I can see:

• The black rod with holes moves when I turn the handle under the steering wheel, but it doesn’t seem to engage or affect anything—it just rotates.
  
• I can push the handle in and out while holding it, but again, nothing happens beyond that motion.

I’ve tried using WD-40 with no luck, and I plan to test with some penetrating oil—but I’m honestly not sure what part I’m supposed to be oiling or adjusting.

Am I missing something obvious? Would really appreciate any tips from someone who’s tackled this before.

Thanks in advance!