- Elon Musk had a meeting on surprise with Tesla employees Thursday evening.
- Musk said investors must “hang on to your actions” while praising Cybercab and Optimus robots.
- The meeting comes after Musk was criticized by investors so as not to have enough concentration on Tesla.
Elon Musk To a message for its Tesla employees: do not fear the recent sale of the action.
In A surprise meeting all the hands with Tesla Staff members Thursday evening, he said that employees should “hang on to your stock” although it has lost about half of its value since December.
Musk spent the first half of the one hour meeting to give updates on Tesla’s security file, its delivery figures and business work on autonomous driving and robotics. The rest of the session was open to employees to ask questions.
The meeting, which was held in the short term at Texas Gigafactory in Tesla, was broadcast live on X. It was to start at 9:30 p.m., but the livestream suddenly cut, causing confusion between certain employees. Tesla then launched a new livestream, which displayed a loading screen until the meeting begins at 9:58 p.m. he.
Tesla generally holds her meetings all hands during regular working hours.
Here are the five largest dishes to remember from the meeting all the hands of Tesla.
1. Musk said investors must “hang on to your stock”
Tesla’s shares have dropped by more than 50% of record summits in mid-December. Joseph Prezioso / AFP via Getty Images
Musque alluded to Turmousse surrounding the course of Tesla’s action While speaking of the company’s autonomous driving ambitions.
“It is very difficult for people on the stock market – especially those who look in the rear view mirror, which is most of the people – to imagine a future where suddenly a fleet of 10 million vehicles has five to 10 times the utility,” Musk told employees.
Tesla’s actions have decreased in recent weeks while the company struggling with fall in sales and the controversy surrounding Musk’s work with the White House office. Tesla exhibition halls were Strike with vandalism and manifestations nationally.
“If you read the news, it’s like Armageddon. I can’t go in front of the TV without seeing a Tesla on fire. What’s going on?” Musk said Thursday evening.
The company’s share price fell by more than 50% compared to its record heights in mid-December. Tesla’s shares closed at around $ 236 Thursday, down compared to a PIC fence price of $ 479 in December.
Musk says that autonomous driving will unlock the true value of Tesla.
“It’s so deep and there is no comparison with anything in the past. It just doesn’t calculate. But it will be calculated in the future. And some people, like Cathie Wood to Ark Invest, see the future,” Musk said on Thursday. Ark Invest set a price target of $ 2,600 for Tesla’s shares in June.
“So what I say is:” hang on to your stock “”, added Musk.
Tesla shares prices fell half a percentage after negotiation hours.
2. Musk wants the Tesla operations team to focus on Cybercab line
Musk unveiled Robotaxi de Tesla, also known as Cybercab, during the “We, Robot” event of the company in October. Robyn Beck / AFP via Getty Images
When an employee asked Musk on which the Tesla operations team should concentrate in the next two years, Musk said that Robotaxi, also known as the name of Cybercabwould be a priority.
“Well, we want to bring production to new heights, obviously, with cybercab. Cybercab is not only a design of revolutionary cars, it is also a revolutionary manufacturing process,” said Musk.
Musk said that the cybercab production process was not like a “normal car manufacturing line” but rather looked like a “high -speed consumer electronic line”.
“In fact, the line will move so quickly in fact, people cannot even approach it. I think it can produce a car, ultimately, in less than five seconds,” added Musk.
The production of cybercabs at such speeds would require Tesla to increase its casting process, said Musk.
“Let’s see what is the limit of physics, the size of a casting machine. Discover. I’m broken. I’m broken,” continued Musk.
Musk unveiled Tesla’s cybercab to the company “We, robot“Event in Los Angeles in October. During this presentation, Musk said that cybercab would be in production before 2027.
During a tesla profit call In October, Musk told investors that cybercab would cost “about $ 25,000”. Musk said at the “We, robot” event that he expects to sell the cybercab for “below $ 30,000”.
“We are targeting at least 2 million units per year of Cybercab. It will be in more than one factory, but I think it is at least 2 million units per year, perhaps 4 million in the end,” said Musk, adding that the figures were his “best assumptions”.
3. Tesla to build optimus robots by the “Legion”
“I think we will literally build a legion, at least one legion of robots this year, then probably 10 legions next year,” said Musk when he was asked about Tesla’s optimus robots. John Ricky / Anadolu via Getty Images
Musk said he expects Tesla to increase her production Optimus robots This year.
“This year, we hope that we can make around 5,000 Optimus robots,” Musk said in response to the question of an employee at the moment when robots are available to the public.
Musk said Tesla aims to have enough parts to produce “10,000, perhaps 12,000” robots.
“But as it is a completely new product – everything is completely new – I will say that we succeed if we get half of the 10,000. But even 5,000 robots, it is the size of a Roman legion,” said Musk.
“I think we will literally build a legion, at least one legion of robots this year, then probably 10 legions next year,” he added.
In April, Musk said during a profit call That Optimus robots are a most precious asset of Tesla.
“Because if you have a sensitive humanoid robot which is able to navigate reality and make tasks on demand, there is no significant limit to the size of the economy,” Musk told investors.
4. No Tesla employee asked questions about the policy
Wedbush Securities analyst Dan Ives said in a note on Wednesday that Musk’s work with the Doge’s office of the White House had transformed Tesla into “political symbol”. Mandel Ngan / AFP via Getty Images
The employees did not ask questions about policy during the policy during the question and answer session, which lasted around 30 minutes.
Some Tesla investors have criticized Musk’s political participation, saying that it is increasing the company.
Ross GerberA Tesla’s long -standing investor, recently told BI that he does not expect Tesla’s shares this year. He added that Musk had alienated Tesla’s customers with his political activities and his positions.
Dan IvesA Wedbush Securities analyst who has always been optimistic about Tesla, warned Wednesday that Musk’s work with the Blank Office transforms Tesla into a “political symbol” and urged Musk to “take a step back and balance his roles of Doge and Tesla CEO”.
Despite the lack of questions about politics, Ives praised all hands in a note on Friday, saying: “The leaders lead during problems and crisis … And last night, Elon Musk took a step in major and well necessary.”
“It was a key moment for Musk and Tesla to show leadership and he did it. We applaud Musk for” Reading the Room “and showing important maintenance at this key to employees and investors,” added the note.
Ives added that “challenges are clearly” for the company. He urged Musk to take a “little step back” from Doge and to focus more on Tesla.
5. Musk said he was “very thin”
“I have about 17 jobs. At this point. I’m just going to sleep, work, go to sleep, work, then do it seven days a week,” Musk said on Thursday evening. Allison Robbert / Pool via Getty Images
Musk told his workers on Thursday that he was “stretched quite thin”, after an employee asked him if he wished to make other products such as planes or trains.
“I have about 17 jobs, at this point. I’m just going to sleep, work, go to sleep, work, then do it seven days a week,” Musk said.
“I guess I like to be productive. I like to get things done,” he added.
Musk manages half a dozen companies. Aside from Tesla, Musk shares his time between his rocket company, SpacexThe social media platform XThe Tunneling Company The Boring Co.Starting neural-interface technology Neuraland the startup ai xai.
This is added to his involvement with the Doge’s office of the White House, where he directs the discounts of public spending.
Musk said in a interview With the host of Fox Business Larry Kudlow on March 10, he balanced his political and commercial work “with great difficulty”.
Tesla representatives did not respond to a request for BI comments.