Tesla’s CEO Elon Musk urged employees to “hang on to their TSLA stocks” during an all-hands meeting, despite the company’s stock price dropping over 40% this year. The meeting was publicly streamed for the first time, and Musk mostly recapped Tesla’s recent milestones without announcing anything new.
Musk thanked employees for their work and reaffirmed his optimistic predictions about Tesla’s future, including becoming the world’s most valuable company by a wide margin. However, several Tesla board members and executives have been selling millions of dollars’ worth of shares in recent months, raising questions about Musk’s confidence in the stock’s value.
Tesla’s worst quarter in three years is expected, with the delivery report scheduled for April and earnings later in the month. Musk’s suggestion to hold on to stocks is a bold statement given the recent sales by top executives. Critics argue that Musk may be trying to boost the stock before the bad news arrives, potentially leaving new investors with significant losses.
Source: https://electrek.co/2025/03/21/elon-tells-tesla-employees-not-to-sell-tsla-stocks-board-execs-are-dumping