Musk tells Tesla workers not to be ‘bothered by stock market craziness’
- In an email sent to staff on Wednesday, Musk said he believes that long term, Tesla will be the most valuable company on earth
- Analysts expect Tesla to deliver 442,452 vehicles in the fourth quarter, according to Refinitiv data
Tesla chief executive Elon Musk told employees that they should not be “bothered by stock market craziness” after the company’s shares fell nearly 70 per cent this year on jitters over softening demand for electric vehicles (EVs) and Musk’s distraction with running Twitter.
In an email sent to staff on Wednesday and reviewed by Reuters, Musk said he believes that long term, Tesla will be the most valuable company on earth.
He also urged employees to ramp up deliveries at the end of this quarter, after the carmaker offered discounts on its vehicles in the United States and China.
“Please go all out for the next few days and volunteer to help deliver if at all possible. It will make a real difference!” he said in the email.
Analysts expect Tesla to deliver 442,452 vehicles in the fourth quarter, according to Refinitiv data.