Tesla employees react as stock of Elon Musk's company continues to slide
2 days, 12 hours ago

Tesla employees react as stock of Elon Musk's company continues to slide

Hindustan Times  

Tesla shares are falling due to fears of slowing sales, increasing competition, and a CEO, who is busy spending a lot of his time in Washington, DC. The plummeting stock is "only concerning if you're a short-term investor," a Business Insider report quoted one Tesla worker in the company's sales department as having said. Ten different employees across different roles and locations, surveyed in the report expressed the exact same sentiment and out of them, nine still hold Tesla stock. This is important because historically, stock gains have played a large role in Tesla's compensation towards its employees, with some workers seeing it as one of the company's most attractive features. However, the report quoted a manager as saying that “it's an old story” since “Elon has always been in this controversial space, but if the product is good enough people are going to buy it anyway.” A Nevada-based worker also said that the company's internal atmosphere was far from "depressing" or “alarming,” in an informal company forum where some employees discuss the stock performance, according to the report.

History of this topic

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