Tesla boss Elon Musk is trying to calm down following the electric car manufacturer’s recent price turbulence. “Don’t get too irritated by the madness of the stock market. If we continue to excel, the market will recognize it,” Musk wrote in an email to workers yesterday. He firmly believes that Tesla will become the most valuable company in the world in the long term.
Musk urged employees to move forward with vehicle deliveries through the end of the quarter. “Please go all out in the next few days and help with the delivery if possible. It will make a real difference.” Tesla is offering its models in the US and China at a discounted price until the end of the year.
The electric car company’s shares recovered yesterday following falling 11 percent to a two-year low the previous day. Investors feared a drop in demand because, according to internal plans, the lines at the Tesla plant in Shanghai are to stand still for almost two weeks in January. Some investors also feared that the Twitter acquisition might distract Musk from Tesla.