Hang On To Your Stock – Elon Musk Reassures Investors As ‘Little Bit Of Stormy Weather’ Hits Tesla
Elon Musk has reached out to reassure Tesla Inc. (TSLA) employees after a challenging six weeks marked by a significant drop in the company’s shares, describing the situation as “a little bit of stormy weather.”
Since the first week of February, Tesla shares have faced persistent bearish pressure, resulting in a drop of over 35% in value.
Musk explained that the company is simply undergoing a typical stock retracement, but he believes the media is amplifying the situation unnecessarily.
In an all-hands meeting broadcast late Thursday on X, Musk remarked, “If you read the news, it feels like Armageddon. I understand if you don’t want to buy our product, but you don’t have to burn it down.”
He urged shareholders to rise above the noise, saying, “What I’m saying is hang on to your stock.”
Musk reaffirmed his belief in the company’s bright future, stating that the retracement is merely a rocky phase that stocks encounter.
Tesla began 2025 at $390.10, showing slight positivity, with most of the company’s gains occurring in the third week of January.
However, since the first week of February, the stock has experienced a sharp decline, plummeting below the $300 mark and closing February at $292.98.
As of March 21, TSLA has lost over 35% of its share price since February, with more than 2 billion shares exchanged to date.
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