"Tesla supporters have responded to CEO Elon Musk’s call for resilience, with many holding onto their shares and even increasing their investments des
“Tesla supporters have responded to CEO Elon Musk’s call for resilience, with many holding onto their shares and even increasing their investments despite a significant stock decline. Over the past three months, Tesla’s stock has plummeted by more than 50%.
During a company-wide meeting live-streamed on X on March 20, Musk addressed employees, acknowledging current market turbulence but expressing optimism about Tesla’s long-term prospects. He reassured them that, despite short-term setbacks, the company’s future remains “”exceptionally bright”” and filled with innovation.
“”There are always challenges along the way, but we are on the brink of achieving things that people haven’t even imagined,”” he said.
Musk also reiterated previous claims that Tesla vehicles are close to achieving full self-driving capability through software updates, though the company has yet to deliver on this promise.
Dismissing criticism, Musk made light of Tesla’s portrayal in the media, joking that he couldn’t pass a television without seeing reports of Teslas “”on fire.”” He argued that some of the negativity toward the brand was exaggerated.
His comments sparked a wave of support online, with Tesla enthusiasts encouraging fellow investors to remain patient. Many expressed confidence in the company’s future, with one investor declaring, “Tesla is going to be huge! I’m buying as much stock as I can.” Another, a first-time buyer, shared, “Just got my first Tesla shares—excited for what’s ahead.”
Tesla’s stock, which had peaked at $479.86 in December, had fallen to $240.48 by the start of trading on Friday. The drop followed concerns over Musk’s links to President Donald Trump’s administration, which triggered protests in both the US and Europe. Demonstrators targeted Tesla showrooms, charging stations, and vehicles, voicing their opposition.
Beyond political controversy, Tesla has also faced declining sales and deliveries, particularly in key markets. This was partly attributed to a temporary production halt for Model Y upgrades. However, Musk emphasised that the Model Y remains the world’s best-selling car.
In response to growing challenges, the White House organised a display of Teslas on its South Lawn, while Commerce Secretary Howard Lutnick publicly endorsed Tesla stock as an undervalued opportunity.
Market analysts have urged Musk to focus on Tesla’s business rather than political affiliations, warning that the company faces a pivotal moment. Dan Ives, a longtime Tesla supporter, described the situation as a “”tornado crisis moment,”” advising Musk to shift his attention back to the company’s core priorities.
During the meeting, an employee asked Musk whether he would consider expanding into aviation. He admitted he had contemplated the idea for years, hinting, “Maybe we’ll do that.””
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