after Tesla shares go down Up more than 10% on Tuesday, deep into a year-long sell-off, CEO Elon Musk told employees not to get too upset about the stock market frenzy.
Musk circulated the comments Wednesday in a company-wide email, telling employees that Tesla needed to “demonstrate continued outstanding performance” and that “in the long run, I strongly believe Tesla will be the most valuable company on Earth.” “. ”.
Shares of Tesla are down about 68% since the start of 2022, though they were up 3.3% on Wednesday to $112.71. However, the stock’s losses in December totaled 42%, and it’s on course for its worst monthly and quarterly performance ever.
Musk blamed Tesla’s stock price drop in part on rising interest rates, but critics point to his takeover of Twitter as the main culprit for the slide that wiped about $675 billion from the company’s market value this year as of close on Wednesday, according to Musk, as reported by CNBC and reviewed by Al Arabiya.net.
In the email, Musk thanked Tesla employees for their hard work in 2022, encouraged them to do more for a great fourth quarter, and asked them to “volunteer to help deliver” cars to customers ahead of the week. midnight on December 31st.
During the last few days of most seasons, Tesla recruits more employees from across the company to deliver new cars to customers in order to meet or exceed delivery goals, work that would normally be limited to people in the sales and delivery teams. The company had aimed for 50% year-on-year growth in auto deliveries but warned investors it may not hit that target every year.
