Elon Musk Says To ‘Hang On’ To Sliding Tesla Stock In ‘Needed’ All-Hands Meeting
- Elon Musk encouraged Tesla employees to remain optimistic and hold onto their stocks during a challenging time, acknowledging the company's difficulties.
- Tesla's shares have dropped 34% this year amid increased vandalism at dealerships and a decline in consumer sentiment.
- The National Highway Traffic Safety Administration issued a recall for over 46,000 Cybertrucks due to safety concerns, impacting Tesla's reputation and sales.
- Analysts suggest that Musk's political role has created challenges for Tesla, but the all-hands meeting was a positive step towards reassuring investors.
102 Articles
102 Articles
Musk, the bad business of mixing politics with companies
Elon Musk’s controversial involvement in politics is taking its toll, and not only on his reputation, but also on Tesla, the jewel of his empire. The actions of the electric car manufacturer have lost more than 50 percent of its value in just three months, and the consequences of his political activism seem to be far from over. Last week, Musk asked his employees not to sell Tesla shares, while the company’s value continues to plummet. During a …
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