Elon Musk has urged Tesla shareholders to hold onto their stock as the company faces growing competition, production challenges, and investor concerns over its slowing growth. His comments come amid a rough patch for Tesla, with its stock down significantly from its all-time highs.
Musk’s appeal suggests he sees long-term value in the company despite short-term turbulence. Tesla is dealing with declining EV demand, price cuts affecting profitability, and increasing competition from Chinese automakers like BYD. Additionally, investors are watching closely as Musk negotiates a new compensation package and potential AI-related ventures.
Are you a Tesla investor, or just keeping an eye on Musk’s moves?
