Tesla CEO Elon Musk held an unannounced all-hands meeting with employees on Thursday night at the company’s Texas Gigafactory.
The meeting came amid a turbulent period for Tesla, including a sharp decline in stock value, arson attacks on showrooms, and investor concerns about Musk’s political involvement.
Musk used the meeting to reassure employees about the company’s future, discuss Tesla’s progress in automation and robotics, and address concerns about its stock price. Here are the five key takeaways from the meeting:
1. Musk Urges Employees to Hold on to Tesla Stock
Tesla’s stock has seen a dramatic decline, falling by over 50% since December. Musk acknowledged the downturn but urged employees to stay optimistic and retain their shares.
“If you read the news, it feels like Armageddon,” Musk said. “I can’t walk past a TV without seeing a Tesla on fire.”
Despite the negative headlines, Musk expressed confidence that Tesla’s advancements in autonomous driving and robotics would significantly increase the company’s value in the long run.
2. Cybercab Production to Be a Major Focus
Musk emphasized that Tesla’s operations team should prioritize the company’s upcoming robotaxi, known as the Cybercab. He described it as a revolutionary vehicle that would also introduce a unique high-speed production process.
“In fact, the line will move so fast that people won’t even be able to get close to it,” Musk said.
He suggested Tesla aims to produce a car in under five seconds. Musk projected that Tesla could manufacture at least two million Cybercabs annually, with the price expected to be under $30,000.
3. Tesla Plans to Mass-Produce Optimus Robots
Musk reaffirmed Tesla’s commitment to its humanoid robot project, Optimus, predicting that it would become the company’s most significant product.
“This year, we hope to make about 5,000 Optimus robots,” Musk said.
He added that Tesla is working toward scaling production to tens of thousands in the future.
Musk described the mass production of Optimus as the creation of a “legion” of robots, highlighting their potential impact on the economy and workforce.
4. Employees Avoided Questions About Politics
Although Musk’s political ties—particularly his role in the White House’s DOGE office—have sparked controversy, no employees brought up the topic during the Q&A session.
Some investors and analysts have expressed concerns that Musk’s political involvement is negatively affecting Tesla’s brand and sales. Despite this, he remained focused on discussing Tesla’s innovations rather than addressing the political backlash.
5. Musk Admits He’s Stretched Thin
When asked about potential new ventures, such as aviation, Musk admitted that he already has a heavy workload managing multiple companies, including Tesla, SpaceX, Neuralink, and xAI.
“I have like 17 jobs. I just go to sleep, work, go to sleep, work, and then do that seven days a week,” he said.
Despite this, Musk hinted that he has thought about developing an electric vertical takeoff and landing (eVTOL) aircraft.
The meeting was seen as an attempt to reassure Tesla employees and investors amid ongoing challenges. Analysts have noted that Musk needs to focus more on Tesla to navigate this difficult period successfully.
Bloomberg, Business Insider, and the Telegraph contributed to this report.
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