Tesla recently held an All-hands employee meeting in the morning on Friday at their Gigafactory in Texas, where CEO and founder Elon Musk reported on several advancements and shared insights on recent developments impacting Tesla.
Musk commented on the significant decrease in Tesla’s stock price in recent times, advising investors to hold onto their shares tightly amidst the volatile stock market conditions. He emphasized the challenges of market fluctuations, indicating that people often look to the past and may not envision a future where autonomous vehicles dominate the roads significantly more than 5-10 times. Reading news may give the impression that Tesla is on the brink of collapse.
Furthermore, Musk highlighted two major growth opportunities for Tesla, namely the Cybercab autonomous taxi service and the Optimus robotic assistant, which could potentially revolutionize not just transportation but also automotive manufacturing processes. If Optimus can work efficiently as a human replacement, it could lead to a significant economic transformation.
Finally, Musk addressed concerns raised by investors about his focus on Dogecoin and government reforms, admitting to feeling overwhelmed by his many responsibilities. With 17 roles to juggle and barely any time to rest during the week, Musk acknowledged the need to balance his commitments better.
The Tesla employee meeting was live-streamed and recorded for viewing afterward.
TLDR: Elon Musk discussed Tesla’s progress, stock price concerns, growth opportunities, and personal challenges during the recent All-hands meeting at Gigafactory in Texas.
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