Investors are looking for things that can turn the tide and looking for leadership from CEO Elon Musk. December 2022 was just after Elon Musk closed his acquisition of social-media platform Twitter, which he renamed X. Then, investors were worried about Musk’s time management and whether he could add another business to his quiver without the performance of his car company suffering. The upshot of that episode: Fears subsided and Tesla stock doubled in 2023.
