Elon Musk has urged Tesla employees not to sell the company’s shares, which continue to decline in value. At a closed meeting in Austin, Texas, the billionaire warned that a mass sell-off could trigger another market crash.
“If the shares flood the market, it will lead to another collapse,” Musk said, trying to reassure the team. He emphasized that the company’s future remains “bright and exciting,” particularly in the field of autonomous driving, but acknowledged that the situation remains unstable.
The Tesla CEO also noted that the media has been highly critical of the company lately: “I can barely walk past a TV without seeing a burning Tesla.”
Tesla is currently facing serious difficulties. In the U.S., the company had to recall nearly all released Cybertrucks, while in Europe, cases of vandalism against Tesla electric vehicles have been reported. In Germany, Tesla’s sales plummeted by 76.3% in February, with only 1,429 new registrations.
Amid these challenges, Musk announced the possibility of Tesla entering the aviation market.
