At a surprise all-hands meeting, Elon Musk urged Tesla employees to retain their stocks, which have dropped by 50% since December. He emphasized upcoming innovations in the Cybercab and Optimus robot, claiming they would elevate the company’s value. Musk announced plans for a revolutionary manufacturing process that could produce robotaxis in under five seconds. While addressing employee concerns, he acknowledged pressure from protests and analyst scrutiny regarding his focus outside Tesla. The implications of this meeting suggest a concerted effort to stabilize employee morale and investor confidence amid ongoing reputation challenges.
At a surprise all-hands-on meeting Thursday night in Texas, Tesla CEO Elon Musk rallied up his company's employees as the brand's public reputation continues to plummet.
Musk deflected on the stock drop at the meeting and reiterated promises that Tesla's autonomous software used for its vehicles' so-called Full Self-Driving feature, robotaxis, and Optimus bots would bring the company's value to new heights.
On the Cybercab, Musk said a "revolutionary manufacturing process" is in the works that can build a robotaxi in "less than five seconds" like "a high-speed consumer electronics line."
These all-hand-on meetings usually happen during the day, but Musk seems pressured by escalating protests and concerned analysts.
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