- Tesla CEO Elon Musk Last week he held a meeting of all hands, which helped to convince both employees and investors, according to Vedbush analyst Dan Yves. Although dropped by 30% since the beginning of the year, Tesla’s shares returned on Monday, as Musk showed it “in charge of returning,” IVS said.
Tesla CEO Elon Musk returns to Tesla and investors notice them.
Tesla’s shares have dropped by more than 30% to this day, but her wealth has returned this week as Musk has focused on the manufacturer of the lag. The company’s shares raised 12% on Monday and closed at $ 278.39, marking their best day of the November presidential election. Tuesday afternoon, Tesla’s shares traded 2.8% to $ 286.
The surge of stock comes after Musk held rarely Meeting all hands With Tesla staff last week, he told employees not to sell their shares and promised that everything would succeed.
“What I am here to tell you is that the future is incredibly bright and exciting,” said Musk, “and we will do things that no one thinks even dreaming.”
With Musk square back at the head, Vedbush analyst and Tesla Bull Dunn said investors are changing their tone to Tesla.
“Musk stepped up last week with a meeting of all hands, and it sent them a much -needed positive signal to employees and investors,” IVS told Wealth. “The actions were overwhelmed and slammed because Musk returned and tried to balance Dog and Tesla.”
After meeting all hands, which was live is transferredVedbush analysts led by IVS have praised the move and said they expect Musk to take a “small step back from Doge” over the coming months to focus on Tesla.
As the leader of the Department of Efficiency of the Government (DOGE), Musk was orchestrated Thousands of layoffs And millions of dollars in cuts to try to direct the federal budget. The White House claimed in February, however, Musk was not responsible It was neither employed by the Cost Reduction Agency. However, Musk admitted in the interview earlier this month, he balanced his business and government responsibilities “with great difficulties”.
Last week, IVS urged Musk to line up in Tesla, and longtime investor in Tesla Ross Gerber called to reinforce musk Or let the company find a “appropriate CEO” to run the company.
Except for his backlog, Tesla faced increased pressure from Chinese BydWhat Overtaken Tesla Monday with annual sales of $ 107 billion, compared to annual revenue of $ 97.7 billion to Tesla.
In addition, Musk’s recent political involvement has led to peaceful protests as well as Vandalism targeted Tesla Vehicles and exhibition salons. President Donald Trump urges people to vandalize Tesla’s property. “terrorists“And on Monday the FBI created A. Working group To examine Tesla’s recent vandalism.
IVS has previously warned against the damage to the brand caused by Musk’s political moves, but he said support for CEO appears to be being built despite disapproval.
“There is still a brand crisis on the go, but we see a lot of advocacy for floods that are gathering behind Moshus with these protests,” IVS told Wealth.
This story was originally shown on Fortune.com
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