Elon Musk tells Tesla employees to hold onto their stock amid harsh selloff

Core Viewpoint - Tesla's CEO Elon Musk reassured employees about the company's promising future despite a significant decline in stock prices, urging them to retain their shares during challenging times [1][8]. Group 1: Company Performance - Tesla's stock price has experienced a 50% drop, leading to concerns among employees and investors [1]. - The company issued a recall for approximately 46,000 Cybertrucks due to a safety hazard related to a part called a cant rail, which could detach and pose a risk on the road [3]. Group 2: Market Reaction - Tesla owners are attempting to sell their vehicles, and reports indicate vandalism against Teslas, including incidents of vehicles being set on fire [2]. - The Vancouver International Auto Show removed Tesla from its lineup due to security concerns amid protests against Musk [2]. Group 3: Brand Image and Investor Sentiment - Longtime financial supporters express disappointment over Musk's political actions and the negative impact on Tesla's performance [4]. - The brand damage has escalated into a "brand tornado crisis," affecting Tesla's global reputation [5]. Group 4: Future Outlook - Musk reiterated his belief that Tesla vehicles will achieve full autonomy in the future, a claim he has maintained since 2016 [7].