Elon Musk encouraged Tesla employees to hold onto their stock despite recent market volatility during an unannounced all-hands meeting in Austin, Texas. The meeting, streamed live on his social media platform X, lasted past 10 p.m. local time. Musk remarked, “If you read the news, it feels like Armageddon. I can’t walk past a TV without seeing a Tesla on fire. I understand if you don’t want to buy our product, but you don’t have to burn it down.” Tesla shares have dropped by 40%, prompting Musk’s reassurance to employees amid rocky market conditions. — news from Bloomberg
