Elon Musk urges Tesla employees to 'hang on' to stock

Elon Musk sought to reassure Tesla employees that despite “rocky moments”, they should “hang onto” their stock, in an unannounced all-hands meeting in Austin, Texas.

Elon Musk sought to reassure Tesla employees that despite “rocky moments”, they should “hang onto” their stock, in an unannounced all-hands meeting in Austin, Texas, which the billionaire chief executive streamed live on his social media network X.

Shares in Tesla have plunged more than 40% this year, giving up gains from a stock surge that followed US president Donald Trump’s inauguration. The FBI has also been investigating a number of vandalsim incidents where Tesla charging stations and dealerships have been damaged, follwing a growing backlash against Mr Musk’s role in the Trump administration, with sales down and the automaker’s showrooms and supercharging stations at the center of protests.