Tesla analyst says CEO Elon Musk is ‘back in charge' after surprise all-hands meeting, and investors are rewarding the company's stock [Fortune]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Fortune
Despite being down 30% since the start of the year, Tesla stock rebounded Monday as Musk demonstrated he is “back in charge,” Ives said. Tesla CEO Elon Musk is jumping back into action at Tesla and investors are taking notice. Tesla's stock is down more than 30% year to date, but its fortune reversed this week as Musk refocused his attention on the lagging EV maker. The company's stock shot up 12% on Monday and closed at $278.39, marking its best day since the November presidential election. As of Tuesday afternoon, Tesla stock was trading up 2.8% at $286. The stock surge comes after Musk held a rare all-hands meeting with Tesla employees last week, in which he told employees not to sell their shares and promised that everything would work out.
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