Tesla’s share price worries not only the shareholders, but also the employees of the group. With a circular email, company boss Musk tries to spread optimism among the employees – and to increase the workload again.
Tesla boss Elon Musk reassures employees after the electric car manufacturer’s recent price turbulence. “Don’t get too irritated by the madness of the stock markets. If we continue to perform excellently, the market will recognize it,” Musk wrote in an email to employees on Wednesday. He firmly believes that Tesla will become the most valuable company in the world in the long term.
Musk thanked employees for their hard work over the past year and urged them to move forward with vehicle deliveries through the end of the quarter. “Please go all out in the next few days and help with delivery if possible. It will make a real difference.” Tesla is offering its models in the US and China at a reduced price until the end of the year.
The electric car pioneer’s papers recovered on Wednesday after falling eleven percent to a two-year low the previous day. Investors feared a drop in demand because, according to internal plans, the lines at the Tesla plant in Shanghai are to stand still for almost two weeks in January.
Musk’s takeover of Twitter is proving to be a heavy burden for Tesla. As CEO of the platform, Musk is in danger of losing his focus on Tesla, investors fear. His behavior at the short message service not only threatens to scare off users and advertisers, but also potential buyers of Teslas. Musk recently announced that he would step down as Twitter boss if he found a successor. The fact that Musk repeatedly threw Tesla shares onto the market to finance the Twitter takeover also contributed to the fall in the share price in recent weeks.
