Elon Musk says the much‑anticipated turnaround in Tesla (TSLA) is already in place. According to the billionaire CEO, the evidence of this recovery is that the TSLA share price is creeping back toward last year’s highs. Retail investors have been piling into Tesla stock in recent months, even though the recent first-quarter earnings report was dismal. This is due to Musk refocusing on his companies instead of the Department of Government Efficiency (DOGE) and rebranding Tesla away from EVs and into AI and robotics.
Investors now have to decide whether Musk’s confidence is a real inflection point or another bold prediction that fails to match the numbers. Let’s take a look.
