Elon Musk held an unexpected late-night all-hands meeting to address Tesla's declining stock price and ongoing challenges. Wall Street analyst Dan Ives praised the meeting as a significant step forward, noting it demonstrated Musk's awareness of the company's current crisis. Ives expressed that the event showcased necessary leadership at a pivotal moment for both employees and investors. The stock has halved since December, with concerns over Musk's engagement with other ventures, including DOGE, contributing to Tesla's difficulties, marked by protests and sales declines in key markets.
We applaud Musk for 'reading the room' and showing important hand-holding at this key time for employees and investors.
This was a key moment for Musk and Tesla to show leadership and he did.
In a change of tone on Thursday, the analyst warned that Tesla had descended into a 'crisis.'
Musk needed to spend less time on DOGE.
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