General Director of Tesla Elon Musk participated in a Surprise Meeting all Tesla's hands On Thursday evening to encourage employees and provide updates on Tesla's work. At the meeting, Musk called on workers to “hang” in their shares, describing the dive of stock as “stormy weather”.
In the past three months, Tesla's shares have been submerged More than 50%eraseing $ 700 billion in market value and causing CEO Elon Musk of Lose over $ 100 billion in net value.
“There are times when there are rocky moments, a little stormy weather, but what I am here to tell you is the future is too bright and exciting,” Musk told the employees at the meeting, who withdrew to X. “and we will do things that no one has ever dreamed of.”
Direct Presentation of Tesla All-Hands
https://t.co/jqot6wb2ln– Elon Musk (@elonmusk) March 21 2025
Musk started the meeting thanking Tesla employees for their work and ranking some achievements: Tesla has produced over seven million vehicles globally since its inception The first car in 2008 and is on the right track to exceed 10 million next year; The y model was the most selling vehicle in the world in 2023, with 1.22 million globally sold units (and Musk predicted it would be the best -selling car this year); And the degree of damage associated with Tesla work has also declined over time.
He also noted that the company remains one of The main places to workABOUT Interior.
Musk said “generally, it's good” in Tesla, though “if you read the news, it feels like Armageddon”.
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Musk said he couldn't walk a TV without watching a tesla on fire, commenting the last wave of crime across the country Target of vehicles and Tesla objects. Justice Department Thursday The colors announced Against the other three individuals who ignited Tesla vehicles and fire charges in Oregon, Colorado and South Carolina.
The actions are in response to Musk's role in President Donald Trump's administration as head of the Government Efficiency Department (DOGE) for Bloomberg. Doge says it has cut $ 55 billion In vain expenses, although critics say mathematics to support that figure is full of accounting errors, outdated data and other errors, for New York Times.
Musk did not talk about his involvement with Doge in the meeting, but joked that the lighting of a tesla on fire was “a little unreasonable”.
Wedbush Dan IVe's Wedbush Paper Analyst wrote in a note On Friday that meeting all hands was a manifestation of Musk's leadership.
“This was a main moment for Musk and Tesla to show leadership and he did,” Ives wrote.
Iva advised Musk to take a step back from the DOGE and focus on Tesla. The analyst noted that Musk's work with Doge was turning Tesla into a “political symbol”.
Tesla shares dropped from a high record of $ 479.86 to December 17 to $ 233.06 before the commencement of Friday trading.
Despite the latest losses, Musk remains the richest person in the world with a net value 311 billion dollars at the time of writing.