
Elon Musk is known for his unconventional approach to management, and this latest move is no exception. He called a last-minute company meeting with Tesla employees.
The meeting was reportedly held in the factory, which is unusual given the short notice. Musk is known for his hands-on approach, often walking the factory floor to check on production.
Tesla employees were given little warning about the meeting, with some saying they were only told about it 30 minutes beforehand. The sudden gathering suggests that Musk had something important to discuss.
The exact nature of the meeting is unclear, but it's likely that Musk addressed concerns about production or upcoming product launches.
Recommended read: Nvda Trump Meeting
Elon Musk Warns Tesla Workers of Armageddon-like Conditions
Elon Musk told Tesla workers it "feels like Armageddon" after seeing news coverage of his dealerships and vehicles being targeted with violence.
He reassured workers that overall, it's good for Tesla, citing recent sales figures for the Model Y and Cybertruck vehicles.
Tesla shares were around $236 in pre-market trading, down from a peak of nearly $480 in mid-December.
Musk suggested employees stay patient, mentioning that autonomous Teslas will be everywhere in five years and that the company will have regulatory approval globally.
He also joked about being stretched thin, saying he has 17 jobs and only gets to sleep, work, and sleep some more.
If you read the news, it feels like Armageddon, Musk told his employees, referencing the negative media coverage of Tesla.
Musk urged employees to hang onto their stock, saying the future is incredibly bright and exciting.
He also made light of the situation, laughing and saying it's psycho to burn down a Tesla.
Recommended read: Patelco Credit Union down
Tesla Company Updates
Tesla's stock price has plummeted, closing at $236.26 on Thursday compared to an all-time high of $488.54 in December.
The company is facing a public fallout from Elon Musk's relationship with President Donald Trump, which has led to a painful crisis for the brand.
Additional reading: S a Spurs News
A recall was announced just hours before the all-hands meeting, citing a defect in a part that could cause a panel to detach and fly into traffic.
Musk warned investors to "hang on to your stock" during the meeting.
The meeting was a surprise, with Tesla staff receiving a last-minute call to join the all-hands livestream.
The all-hands meeting was streamed on Musk's social media site, X, and was also live-streamed on other platforms.
Musk appeared in person during the meeting, hailing his team and assuring them that the future is "incredibly bright and exciting".
Despite the crisis, Musk remains optimistic, saying "I guess I like being productive, I like getting things done".
Additional reading: Boeing Ceo Kelly Ortberg Addresses Employees during Companywide Meeting.
Tesla's Surprise Meeting
Tesla's Surprise Meeting was called with just 24 hours' notice, leaving employees scrambling to adjust their schedules. The meeting was held on a typical Monday morning at the company's Fremont factory.
Elon Musk attended the meeting, walking in unannounced and taking a seat at the front of the room. He was met with a mix of surprise and curiosity from the employees.
The meeting was reportedly brief, lasting around 15 minutes. Musk used the time to discuss the company's current projects and goals, including the upcoming Cybertruck launch.
Employees were also given a glimpse into the company's future plans, which include expanding into new markets and increasing production.
Frequently Asked Questions
Are Tesla employees millionaires?
Some Tesla employees can receive significant stock awards, with 44 US-based employees offered over $1 million in stock in 2020 and 2021 alone. This suggests that a select few Tesla employees may be considered millionaires.
Did Musk tell Tesla employees hang on to stock after 50 plunge?
Yes, Elon Musk advised Tesla employees to hold onto their shares despite the stock's significant decline. He cited the company's near-reach of self-driving capacity as a reason to remain optimistic.
Featured Images: pexels.com


