In Elon Musk’s latest effort to save his company, the Tesla CEO has addressed his staff, urging them to hold onto their shares as the company faces a 50% revenue loss in three months.
Musk referred to the current downturn as “a little bit of stormy weather,” mentioning that the company’s new future is approaching as Teslas will soon be able to drive autonomously.
“If you read the news, it feels like Armageddon,” Musk stated. “What I’m saying is hang on to your stock… There are times when there are rocky moments… But what I’m here to tell you is that the future is incredibly bright and exciting, and we’re going to do things that no one has even dreamed of.”
In response to the backlash the company has faced regarding Musk’s role in President Donald Trump’s administration, Musk stated: “I understand if you don’t want to buy our product, but you don’t have to burn it down. That’s a bit unreasonable.”
Tesla shares dropped 1.4% in premarket trading today after Musk’s speech.
By CEO NA Editorial Staff
