Tesla CEO Elon Musk Tell employees Staying optimistic and keeping optimistic in a series of blows to the company’s reputation has caused the stock to fall.
Tesla Stock has been under protests since Musk began playing a major role in the Trump administration in January, with protests erupting across the country.
Tesla shares rose 5% on Friday to close at $248.71, but fell 34% this year.
Tesla’s vehicles, dealerships and charging stations have become Target of intentional destruction As the aversion develops, Musk and his government’s efficiency department or threshold. To get support, President Trump buys Tesla on White House lawn Earlier this month.
Trump’s public purchase of Tesla gave the stock a boost, but fell 26% last month.
During the White House juggling initiative, Musk continued to express ambitious goals for his electric vehicles.
During an all-round hand conference aired on X on Thursday night, Musk’s social media network formerly known as Twitter, the CEO touted Tesla’s achievements and urged employees to “stick with your stock.”
“Sometimes there are rocky moments…a bit of stormy weather,” Musk said at the meeting.
“I’m here to tell you that the future is incredibly bright and exciting,” he said. “We’re going to do anything that anyone even dreams about.”
He has long promised to provide fully autonomous driving technology and a set of Driverless robotbut without the alarm of the steering wheel forward, Tesla’s technology currently called fully autonomous driving will not work properly.
The company has taken Early steps Although experts say the technology is not ready yet, a robotics service has been launched in California.
Musk also mentioned Thursday’s plan to create a voiceover of Cyber Cheli and his human robot in Austin, Texas.
Despite the action taken by regulators earlier this week, he praised the Y model’s best-selling position at the conference and promoted the electrical pickup and drop-off at Cybertruck. Almost all Seberacs On the road. The National Highway Traffic Safety Administration recall covers more than 46,000 vehicles and warns the exterior panels to disengage when driving, increasing the risk of a crash.
As Tesla Reputation by chancemany owners have moved to sell cars or otherwise condemn musk by putting key bumper stickers on the vehicle. Karl Brauer, an analyst at Iseecars.com, said the combination of increased supply and reduced demand has reduced the resale value of several Tesla models.
In February, Tesla ranked the list of brands that lost its highest resale value, according to data provided by Brauer. Prices for used Tesla models and model y fell by about 16% last month from the same period last year, while prices for used Model 3 fell by 13.5% over the same period.
“The question is, does Musk win more people than loses?” Brauer asked.
The stock price gain on Friday could reflect new confidence following the full-time meeting, during which Musk listed other Tesla achievements, such as producing more than 7 million cars worldwide.
Wedbush Securities analyst Dan Ives said Musk will carefully balance his controversial role in the federal government in Tesla’s leadership role.
“His behavior and behavior certainly alienates a group of consumers and creates dissatisfaction,” Ives said. “One side of it is bad when you sell mass market vehicles and adopt such political affiliation.”
Tesla representatives did not immediately respond to requests for comment.
