As the leading trade publications found it necessary to sum up the results of the year on a celebratory week for the Western media by speculating about how much Tesla’s stock price had fallen, the head of the company, Elon Musk, was forced to appeal to the employees of the largest electric car manufacturer with an appeal not to pay attention to the “madness stock market” and give it your all in the days remaining until the end of the year.
Image Source: Tesla
In a letter to employees shared by CNBC and several other publications, Tesla’s CEO thanked them for their hard work and congratulated them on the exceptional progress made in 2022. At the same time, he stressed that many customers expect to receive the ordered cars by the end of the day on December 31, and the automaker needs to do everything possible to ensure that these cars are delivered on time. Musk urged employees to make every effort to release electric vehicles and, if possible, take part in the process of delivering finished cars to customers.
As a postscript, the text of the letter featured Elon Musk’s call not to pay too much attention to the “stock market madness.” According to the head of Tesla, the company’s demonstration of superior performance will eventually make the market appreciate its merits. In the long term, Musk is convinced that Tesla will become the most valuable company in the world.
It is noteworthy that after falling 11% on Tuesday, Tesla shares ended Wednesday with a rebound of 3.31%, although analysts for the most part did not revise their forecasts for these securities in the direction of improving the dynamics of the course. According to representatives of Morgan Stanley, next year the trend of excess supply in the market of electric vehicles over demand will dominate, although over the past two years everything was the other way around. In the fourth quarter of this year, the company is expected to be able to produce 442,000 electric vehicles.
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