Hyperdrive
Tesla Stages $386 Billion Comeback as Musk Elevates AI Over EVs
- Stock’s deep plunge and stunning reversal keep traders on edge
- Musk faces tough task of buoying sentiment as results slump
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This year has been a testament to Elon Musk’s ability to lead Tesla Inc.’s shares into and out of trouble.
It’s been a volatile time even by Tesla standards, with the chief executive officer battling for more control of the company, turning back from a $25,000 electric vehicle and ordering mass layoffs. These erratic episodes helped send the stock on a 43% plunge as of April 23, the day Tesla last reported earnings.