SpaceX owner and Tesla CEO during a conversation with legendary game designer Todd Howard (not pictured) at the E3 Gaming Convention in Los Angeles, Calif., June 13, 2019. Elon Musk speaks.
Mike Blake | Reuters
after stock Tesla After a fall of more than 10% on Tuesday, deepening a year-long selloff, CEO Elon Musk told employees not to get too bogged down by the stock market madness.
Musk circulated his comments Wednesday in a company-wide email obtained by CNBC. We are confident that we will be the most valuable company in the world!”
Electric Vehicle Blog Electrek Emailed in advance.
Tesla’s stock, which has fallen about 68% over the year, rose 3.3% to $112.71 on Wednesday. Stocks fell 42% in December and are about to close out their worst month, quarter and year ever.
Musk has attributed the fall in Tesla’s stock to rising interest rates. But critics point to his Twitter takeover being largely responsible for the slide, which saw its market cap decline by about $675 billion this year at Wednesday’s close.
In an email, Musk thanked Tesla employees for their work in 2022, encouraged them to finish the fourth quarter strong, and asked them to help get cars to customers by midnight on Dec. 31. Did. Possible.
On the last day of most quarters, Tesla mobilizes employees across the company to deliver new vehicles to customers and meet or exceed specified delivery targets. This task is usually limited to sales and delivery team personnel. The company aims to increase deliveries by 50% year-on-year, but warns investors each year that it may fall short of that target.
Musk’s attention has been focused on Twitter lately. His CEO of Tesla and SpaceX sold tens of billions of dollars worth of stake in the electric car company in 2022 to finance his $44 billion acquisition of the social media company.
Here is the text of the email Musk sent to Tesla employees on Wednesday:
From: Elon Musk
everyone
last few days of subject
Date: December 28, 2022 [Time Stamp removed]
We thank you for your hard work so far and congratulate you on an extraordinary achievement in 2022.
With so many cars arriving at the last minute, it is important to rally hard and do everything possible to get the cars to the customers who ordered them by midnight on December 31st. On-time delivery is also important.
Please help with deliveries as much as possible over the next few days. It will make a real difference!
Thank you,
Elon
By the way, don’t let the stock market madness bother you too much. If we continue to perform well, the market will recognize it. I believe that in the long term, Tesla will be the most valuable company on the planet!
look: Musk’s vision has always been more than just cars
