In a last-minute all-hands meeting at the Texas Gigafactory, Elon Musk encouraged Tesla employees to maintain confidence in their stock amidst recent declines due to sales and criticism regarding his focus. The meeting was streamed publicly for the first time, navigating technical glitches. Musk provided updates on Tesla's safety, delivery metrics, and projects on autonomous driving and robotics, addressing investor concerns about stock performance. He urged employees to look beyond current market pessimism, emphasizing a vision for the company's future capabilities with innovative products like the Cybercab and Optimus robots.
Musk emphasized the importance of holding onto Tesla stock amid market uncertainty, stating, 'It's very difficult for people in the stock market... to imagine a future where suddenly a 10 million vehicle fleet has five to 10 times the usefulness.'
During the all-hands meeting, Musk reassured employees about Tesla's ambitions in robotics and autonomous driving, stating, 'If you read the news, it feels like armageddon. I can't walk past the TV without seeing doom and gloom, but the company is executing on multiple fronts.'
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