The prices of electric car company Tesla have been falling constantly this year along with only one spike in a complete year in the month of September.
In all these situations the chief executive of Tesla Inc Elon Musk has briefed his employee not to worry and get bothered by any craziness that has been ongoing in the present situation with the offloading of Tesla stocks in the US market.
Elon Musk had to brief these statements to their employees as some of them are having ESOP shares in the company and the company shares are already dropped by approximately 70% this year.
The reasons for the fall of teslas stock prices
Some reports suggest the Fall in the prices of Tesla has been because of the softening demand for electric vehicles in the Global market along with the rise of electric vehicle carmaker companies against Tesla which was the once and only electric Vehicle and carmaker company in the world.
Some other reports also suggest the reason for the fall of Tesla stocks is that the top executive of Tesla Elon Musk has been seen to be more involved in the management and workflow of his newly acquired company Twitter.
Elon Musk briefed about these views to all his employees at Tesla in his mail this Wednesday in this mail Elon Musk mentioned that he is a believer in long-term investment and that all the investors who will stick to the side of tesla stock will be able to have a valuable investment on returns from Tesla in the long term against all other Investments on the earth.
Mask also treats his employees to work extensively on the deliveries of their vehicles by the end of this quarter so that the automaker Tesla will be able to offer discounts on the vehicles soon in the United States and China. And then work on the planned future prospectus of growth by customer acquisition and heavy discounts next year in the first quarter of Tesla cars.
Musk also request all of his employees to contribute for the next few days voluntarily to the process of delivery of their Tesla cars, which will help these employees and the tesla stocks to create a real difference in the future of Tesla. As per the report by Refinitiv data, it is noted that Tesla was able to deliver around 442,452 vehicles into the fourth quarter of December 2022.
The fall in the prices of Tesla stocks is the most considerable factor for Tesla employees as Tesla company has offered a huge amount of shares as a part of stock compensation to most of their employees including the factory workers in Tesla workspace.
One of the major reasons for the huge loss of 11% for tesla stocks was in news issued by Reuters about the production halt at tesla’s plant in Shanghai. since then the price of Tesla shares has rebounded on Wednesday.
Some major financial analyst firms like Morgan Stanley as cut out the target prices for Tesla stocks to $250 from the previous target of $330. The reason for that mentioned by Morgan Stanley is that for the last two years tesla cars were having demand exceeding supply and this will be inverted by the supplier of exceeding demand in the next year 2023.
