Following a sharp drop in Tesla shares, which slid by more than 10 percent on Tuesday and continued to reflect volatility with a 42 percent decline in December and a total retreat of 68 percent for the year 2022, Elon Musk addressed Tesla employees with a message aimed at calming nerves amid what analysts often label as the stock market fervor surrounding technology and electric vehicle peers. The message underscored a focus on execution and long term value rather than short term price movements, and it reiterated the leadership’s commitment to the company’s strategic priorities even as market dynamics remained challenging.
The company’s chief executive also acknowledged the hard work of the staff throughout 2022 and emphasized urgency in fulfilling customer orders. He highlighted deliveries to customers who placed orders before the close of December 31, stressing that the team’s performance had been strong and that market observers were starting to recognize the tangible progress as a signal of the company’s underlying health and momentum.
“In the long run, I strongly believe that Tesla will be the most valuable company on earth!” — wrote Musk, a sentiment intended to reinforce confidence among employees, investors, and partners about the firm’s mission to accelerate the world’s transition to sustainable energy. The remark aligns with a broader strategic narrative in which the company positions itself not merely as a carmaker but as an integrated energy and technology platform with global reach and enduring growth potential.
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source: CNBC