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Musk Tells Tesla Employees Hang On to Stock After 50% Plunge


Elon Musk sought to reassure Tesla Inc. employees that despite “rocky moments,” they should “hang onto” their stock, in an unannounced all-hands meeting Thursday in Austin, Texas, which the billionaire chief executive streamed live on his social media network X.

Elon Musk sought to reassure Tesla Inc. employees that despite “rocky moments,” they should “hang onto” their stock, in an unannounced all-hands meeting Thursday in Austin, Texas, which the billionaire chief executive streamed live on his social media network X. “If you read the news, it feels like Armageddon,” he told employees during the meeting, which lasted past 10 p.m. local time. “I can’t walk past a TV without seeing a Tesla on fire.

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