The CEO of Tesla, Elon Musk, requested the workers to maintain the corporate’s inventory, regardless of a 40% lower within the worth of shares this yr, throughout an unannounced assembly with all arms Thursday evening in Austin, Texas. “There are occasions when there are rocky moments, a bit stormy climate, however I am right here to let you know that the long run is brilliant and fascinating,” Musk advised the workers through the assembly, which went into the evening.
The billionaire acknowledged detrimental press protection in opposition to a sequence of challenges confronted electrical car. “For those who learn the information, it seems like Armageddon,” he mentioned. “I am unable to cross a TV with out seeing a tissue on hearth.”
Tesla confronted vandalism at loading stations and sellers, FBI researching a number of incidents, together with fires in Las Vegas, Kansas Metropolis and Missouri. These assaults come in opposition to the background of political development in opposition to Musk’s position in ATU Administration, contributing to the lower of gross sales in key markets corresponding to Europe and China.
Regardless of these inconvenience, Musk emphasised Tesla’s bold plans for Autonomous autos and robotics. The corporate goals to broaden the manufacturing of its future autonomous Cybercab At “new heights”, and Musk revealed an up to date chronology for humanoid The very best roboticDesign availability to Tesla workers Till the second half of 2026.
The CEO even confirmed the potential growth in aviation, saying: “I considered plane tasks for a very long time,” and means that Tesla might develop an electrical vertical take-off and touchdown.
Analyst Wedbush Securities, Dan ives, described the assembly as a “first step for Musk to point out that he would lead Tesla by means of this tumultuous interval”, though he beforehand urged Musk to return from politics and to revive in Tesla’s fundamental affairs, in opposition to the background of what Iives known as a “time of Tornada”.