In a surprise all-hands meeting with Tesla employees on Thursday night, CEO Elon Musk addressed the company’s recent stock sell-off and emphasized the importance of the Cybercab and Optimus robots. Musk urged investors to “hang on to your stock,” despite the 50% decline in value since December.
During the hourlong meeting, Musk gave updates on Tesla’s safety record, delivery figures, and autonomous driving progress. He also discussed the company’s focus on robotics and the production of Cybercabs, which he believes will be a key driver of growth. Musk set ambitious targets for Optimus robots, aiming to produce 10,000 units this year.
Despite questions about politics, Musk remained focused on his business responsibilities. When asked about his numerous roles, including involvement with SpaceX and the White House DOGE office, Musk said he is “stretched pretty thin” but enjoys being productive. The meeting was seen as a key moment for leadership and crisis management, with analysts praising Musk’s efforts to show hand-holding at this critical time.
Musk also discussed his expectations for Cybercab production, aiming for 2 million units per year, and highlighted the value of Optimus robots as Tesla’s most valuable asset. The meeting provided insight into Musk’s vision for the company’s future growth and innovation, as he navigates the challenges ahead.
Source: https://www.businessinsider.com/5-big-takeaways-elon-musk-tesla-all-hands-meeting-2025-3