I suspect they would.
Nothing meaningful would change, but all Musk would have to do is say he was stepping down from Twitter and I suspect Tesla would rally.
(That's not even getting into it generally going up due to a rising market.)
I think people could definitely get some value in a bull run from Tesla before it drops again.
There are just so many catalysts for Tesla to go on a major bull run
1)$7500 credit
2)Musk hiring new Twitter CEO
3)Intro of Cybertruck
4)Stock buyback (likely in 2023)
5)Tesla's new gigafactory announcment in Mexico
6)Tesla ramping up and beating expectations
7)Major development in FSD, announcement of projected Robotaxis in certain cities
Any of these in combination could catapult Tesla to new highs. Once that happens, I am out for good.
I guarantee you this will not be the last bit of drama with Musk and Tesla stock plumetting. It happened before, and he is becoming more unhinged.
When people realize that Musk is a conman and that despite all the futuristic bells and whistles, Tesla is nothing but more than a car company. It is doing well now and has high margins because it is selling cars to the wealthiest Americans. Once that market is saturated, it will have lower margins, much more competition, and reality will sink in. Tesla will fall to fair value: $50 a share. Which still puts it at a very high market cap for a car company that produces 10% of the cars Toyota does.