Elon Musk Has Told Tesla Investors That ‘Tesla Will Be The Most Valuable Company On Earth ‘

Despite, Tesla’s stocks going down this year, Elon Musk is adamant about the belief that “Tesla will be the most valuable company on Earth.” He has also assured employees about Tesla’s glowing future in a company email. 

Elon Musk sent out his usual end-of-year email to employees and directly addressed Tesla’s current stock market “craziness” in his email to staff, reported Reuters. 

“Btw, don’t be too bothered by stock market craziness. As we demonstrate continued excellent performance, the market will recognize that” the Tesla CEO wrote in his email. 

“Long-term I believe very much that Tesla will be the most valuable company on Earth!”

— Elon Musk

TSLA stock ended a 7-day downward slide on Wednesday, with its share price at $112.71 when the market closed. Tesla stock is down about 68% for 2022. A few Wall Street analysts have also lowered their delivery estimates for Q4.

On the contrary, TSLA bulls are viewing this time as a buying opportunity. They state that the company’s fundamentals remain strong, and the market will soon recognize it. 

Tesla stock continued to dwindle to the bottom when Elon’s acquisition of Twitter was happening. Musk also sold some of his TSLA shares earlier this year for different Twitter-related reasons, affecting Tesla stock. Musk’s management of the social media platform has also negatively influenced people’s opinions of Tesla.

Tesla has also been the subject of rumors pertaining to its demand issues, particularly in China. Recently, sources familiar with Giga Shanghai production claimed that Tesla’s gigafactory in China would shut down during Chinese New Year for an extended time. However, Tesla China issued a statement, correcting assumptions about the shutdown in January. 

“The rumored information about Tesla’s holiday is not accurate. In fact, most of the employees at the Shanghai Gigafactory will be on holiday from January 20-28, which will be one day longer than the statutory holiday before and after, allowing everyone to flexibly arrange their homecoming time,” said Tesla China. 

Tesla China also clarified that Giga Shanghai will “continue to operate at high speed” in January.

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