Following concerns about Elon Musk's support for Donald Trump impacting Tesla's customer base, the company's share price experienced a significant decline. In a recent meeting with Tesla employees, Musk acknowledged the challenges faced by the electric carmaker, including the drop in share price and attacks on its showrooms and vehicles. Despite the negative news coverage surrounding Tesla, Musk expressed confidence in the company's future prospects.
The decline in Tesla's share price led to speculations that Musk's support for Trump and involvement in the government's Doge department were driving customers away. Consequently, protests turned violent against Tesla dealerships, prompting an FBI investigation. Musk reassured employees in Texas that despite the negative perception in the media, the situation was better than it seemed.
Musk emphasized significant technological advancements at Tesla, such as the self-driving software that can be remotely updated and the upcoming release of Optimus humanoid robots. He highlighted the transformative potential of these advancements in the stock market, urging employees to hold onto their stock. Regarding the humanoid robots, Musk predicted that they would revolutionize the market and become a hugely successful product, surpassing all previous offerings. Tesla aims to launch the robots for public sale in the second half of 2026, with employees being able to purchase them earlier.