India, March 26 -- Elon Musk is making a comeback at Tesla as the EV giant's stock plummeted by more than 30%.

This week, Musk's return to site made investors really happy, with Tesla shares soaring 12% on Monday to close at $278.39-their best performance since the November presidential election. By Tuesday afternoon, the stock had climbed another 2.8% to $286.

"The stock was way oversold and is bouncing as Musk is back in charge and trying to balance DOGE and Tesla," Wedbush analyst and longtime Tesla advocate Dan Ives told Fortune.

Notably, last week the SpaceX boss addressed Tesla employees following the poom market profile. "What I'm here to tell you is that the future is incredibly bright and exciting," Musk expressed. "And we're ...