Shares of Tesla jumped up to 10% on Monday following several weeks of declines. The surge in the stock has equated to a 16% increase since CEO Elon Musk's internal meeting, during which he advised staff to retain ownership of the shares.

Retail investors have been actively purchasing the stock at near-record levels during this downward trend. Musk's impromptu company-wide meeting last Thursday has been attributed to the uptick in Tesla's shares.

Musk encouraged employees to keep their shares during the meeting, which came after the stock had dropped over 50% from its historic peak in December. He also highlighted the company's advancements in robotics and robotaxi technology, emphasizing a promising future.

Despite notable investors turning bearish on Tesla, retail traders have injected $7.3 billion into the stock over the past fortnight, countering the negative sentiment. This influx from retail investors indicates a perception of the stock's plummet as an advantageous buying opportunity, downplaying the challenges faced by Musk's car company, which include dwindling car sales, heightened competition in the electric vehicle market, and Musk's involvement in the cost-cutting ventures of DOGE.

Musk's involvement with DOGE has garnered mixed reactions, leading to protests against the company and instances of vandalism. While experts remain divided on the future trajectory of Tesla's stock, a specific firm believes that Musk's association with DOGE could potentially attract a new consumer segment in areas where electric vehicle adoption has historically been limited.