Tesla is back! Stock surges as Elon Musk reasserts control, surprise all-hands meeting signals bold moves, boosting investor confidence

Tesla share price rose 3.4 per cent on Tuesday even as Billionaire Elon Musk reportedly held a crucial meeting with employees, as per a report.

Parleys between Musk, who is a key advisor to US President Donald Trump's administration, and Tesla employees and investors have been an assuring one, Fortune reported quoting Wedbush analyst Dan Ives.

The meeting, which streamed online, had Musk speaking positive things to employees even as he claimed the future for Tesla looks bright.


However, even after Tuesday's gain, Tesla's stock nevertheless remains down nearly 29 per cent for 2025 so far.

Worrying Factors Elon Musk's Tesla

While the all-hand meeting was a positive one, it seems that Musk and his team in Tesla got their work cut out for themselves.

Tesla will start sales in Saudi Arabia next month, the electric carmaker said on its website, signalling CEO Elon Musk and the kingdom have healed a rift that dates back to the billionaire's short-lived bid in 2018 to take the company private.

Tesla trades in other Middle Eastern countries, but not in Saudi Arabia, the Gulf region's largest market.

Tesla's launch event in Riyadh, scheduled for April 10, will display its EVs and products powered by solar energy, as per a report.

European sales of Tesla’s electric vehicles dropped by nearly half during the first two months of the year, compared with a year earlier, even as the overall market for battery-powered cars grew, according to the European Automobile Manufacturers Association.

In addition to an aging model line, drops in sales may be due in part to CEO Elon Musk’s endorsement of Germany’s far-right party in last month’s national election, his embrace of fringe political movements and a gesture during a Trump event in January that many saw as a Nazi salute. Tesla is also facing increasing competition from Chinese carmakers such as BYD.

Activists across the U.S. have staged so-called "Tesla Takedown" demonstrations over Musk's role leading the Department of Government Efficiency, which has cut thousands of jobs, frozen foreign aid and cancelled thousands of programmes and contracts.

FAQs

Q1. Who is co-owner of Tesla?
A1. Co-owner of Tesla is Elon Musk.

Q2. When is Tesla's event scheduled in Saudi Arabia?
A2. Tesla's launch event in Riyadh is scheduled for April 10.