Tesla CEO Elon Musk sent a companywide email on Wednesday urging employees to stay focused and not to pay attention to the slumping stock price.
Tesla's declining share price in part on rising interest rates. But critics point to his Twitter takeover as a bigger culprit for the slide, which has wiped out about $675 billion in market cap this year as of Wednesday's close.
In the email, Musk thanked Tesla employees for their work in 2022, encouraged them to push hard for a strong fourth-quarter finish, and asked them to "volunteer to help deliver" cars to customers before midnight on Dec. 31, if at all possible. During the last days of most quarters, Tesla enlists employees from all over the company to bring new cars to customers in order to hit or exceed stated delivery goals, work that in normal times is limited to people on the sales and delivery teams. The company has been aiming for 50% year-over-year growth in vehicle deliveries but has cautioned investors it may not meet that target every year.
Since we have a lot of cars arriving at the last minute, it is important to rally hard and do everything we can to get our cars to customers who have ordered them before midnight on Dec. 31. Also, every incremental car we produce that can be delivered in time also matters. Please go all out for the next few days and volunteer to help deliver if at all possible. It will make a real difference!Btw, don't be too bothered by stock market craziness. As we demonstrate continued excellent performance, the market will recognize that. Long-term, I believe very much that Tesla will be the most valuable company on Earth!
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