Elon Musk to employees in rare all-hands meeting: We’re going to do things that…

Elon Musk is reportedly “back in charge” at Tesla, days after Tesla investor Ross Gerber, the chief executive of Gerber Kawasaki Wealth and Investment Management, publicly called for the billionaire’s removal as Tesla CEO. Tesla's stock experienced a significant rebound this week, fueled by renewed investor confidence following Musk's increased focus on the electric vehicle manufacturer.
The stock surge followed a rare all-hands meeting led by Musk last week, where he reassured employees about the company's future and encouraged them to retain their Tesla shares.
“What I’m here to tell you is that the future is incredibly bright and exciting and we’re going to do things that no one I think has even dreamed of,” Musk stated during the meeting, which was live-streamed.
Wedbush analyst Dan Ives, a Tesla bull, attributed the stock's resurgence to Musk's visible re-engagement.
“Musk stepped up last week with the all-hands meeting, and that sent a much-needed positive signal to employees and investors,” Ives told Fortune.

Last week, Gerber renewed his call for Musk's removal as Tesla CEO, citing concerns over brand erosion and neglect of the company's core business. In a recent interview with Newsweek, Gerber reiterated his demand, echoing previous criticisms stemming from Musk's acquisition of Twitter (now X) in 2022.
Gerber's discontent, first voiced amidst a significant drop in Tesla's stock value in late 2022, centers on Musk's perceived distraction from Tesla's operations.
At that time, Gerber argued that Musk was "not suited" to run Twitter and should focus on repairing the damage caused to Tesla's brand. He also criticised the Tesla board for allowing the acquisition.
“Let somebody who’s a media-savvy person deal with advertisers and the media and the front face of the company,” Gerber told Bloomberg TV in 2022.
Now, Gerber asserts that the Tesla board has been "wildly negligent" in failing to address Musk's "extremist statements" and the resulting negative impact on the company's brand.
“Why has the board of directors sat quietly while so much brand value has been eroded to the point that cars are being set on fire?” Gerber questioned, expressing concern over the board's inaction.