Tesla bull praises Elon Musk for doing the absolute bare minimum on the leadership front

“Leaders lead in times of trouble and crisis,” Wedbush analyst Dan Ives wrote in a note this morning. “And last night Elon Musk took a major and much needed step forward by hosting a rare all-hands meeting for employees.”

Yes, the prominent Tesla bull is praising the Tesla CEO for holding a meeting.

Recently Ives had some rare harsh words for Musk, whose electric vehicle stock has fallen nearly 40% this year as its sales have also taken a dive and its leader has turned his attention to extragovernmental work. “There has been little to no sign of Musk at any Tesla factory or manufacturing facility the last two months and perception has become reality for Tesla shares,” Ives wrote earlier this month.

But Musk held a meeting where he again promoted products that don’t exist yet and told investors to “hang on to your stock,” and now things are all better: “We applaud Musk for ‘reading the room’ and showing important hand holding at this key time for employees and investors,” Ives wrote.