At all hand meetings held on Thursday night, Tesla CEO Elon Musk urged employees to “stick to the stock” despite the company's shares since December losing about half the value.
Business Insider Report Tesla CEO Elon Musk posted every improvisational hand meeting employees at the company's Texas GigaFactory on Thursday night. The live-streamed meeting on X was a surprise to many as it was scheduled for a short period of time and was held outside of normal working hours.
During the hour-long session, Musk spent the first half providing Tesla safety records, delivery numbers, and updates on autonomous driving and robotics progress. He then opened the floor to staff questions about the rest of the meeting.
One key point from the rally was masked messages to employees regarding the company's stock price. Tesla shares closed at around $236 on Thursday, down more than 50% from their record highs in mid-December. Musk admitted the challenging situation, “If you read the news, you feel like Armageddon. You can't pass the TV without Tesla on fire. What's going on?” However, he expressed confidence in the company's future, especially in the realm of autonomous driving, urging employees to “stick to your stock.”
Musk also discussed the priorities of Tesla's operations team and highlighted the importance of Cybercab, the company's future Robotaxi. He described the CyberCub as “innovative automotive design” and “innovative manufacturing process.”
Another notable feature of the conference was Musk's ambitious target for the production of Tesla's Optimus robots. He said the company is aiming to build 5,000 Optimus robots this year, and could produce up to 12,000 pieces if parts are available. Musk compared the scale of production to the Roman legions, saying, “I think we'll build at least one legion robot this year, and perhaps 10 legions next year.”
Interestingly, despite recent criticism from some investors regarding Musk's political involvement, particularly his work with the Doge office, none of the employees questioned politics during the 30-minute Q&A session. Wedbush Securities analyst Dan Ives praised Musk for showing leadership and “reading the room” during this critical time for employees and investors.
Musk also touched on his personal workload and admitted that he was “slightly thinner” like 17 Jobs. He basically worked seven days a week and came back from sleep to work and back again, but said he was productive and expressed his enjoyment of getting things done.
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Lucas Nolan is a reporter for Breitbart News, which covers the issues of freedom of speech and online censorship.
