A pledge made by Elon Musk over weekend to re-immerse himself in his companies has revived investor confidence, sparking a rally in Tesla shares on Tuesday even as the electric vehicle maker faces operational headwinds.
In a post on his social media platform X, Musk declared: “Back to spending 24/7 at work and sleeping in conference/server/factory rooms. I must be super focused on 𝕏/xAI and Tesla (plus Starship launch next week), as we have critical technologies rolling out.”
“As evidenced by the X uptime issues this week,” wrote Musk, “major operational improvements need to be made. The failover redundancy should have worked, but did not.”
His message was brief but Musk is obviously conscious of its strategic timing.
For months, Musk has faced criticism for appearing distracted—splitting his attention among multiple ventures, engaging in political discourse, and devoting significant time to X. Investors had grown concerned that Tesla, his most valuable company by market cap, was suffering from a lack of leadership focus.
The public declaration of his return to hands-on involvement appeared to address those concerns directly. Tesla shares responded positively on Tuesday, as markets interpreted the move as a sign of renewed strategic clarity and urgency at the electric vehicle maker. Tesla closed nearly 7 percent higher at USD362.89.
That optimism came despite fresh data showing Tesla’s registrations in the European Union fell 49 percent in April from a year earlier, marking the fourth straight monthly decline. Rising competition, production delays, and brand backlash have all pressured the company’s performance in the region.
Still, the market’s reaction underscored a long-standing truth about Tesla: investor sentiment is closely tied to Musk’s visibility and engagement. His presence remains not only symbolic but pivotal to how stakeholders assess Tesla’s direction and resilience.
