Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

groundloop

(13,554 posts)
Fri Mar 21, 2025, 12:28 PM Mar 2025

Elon Musk tells Tesla employees to hold on to their stock amid harsh selloff

Source: The Guardian

Elon Musk attempted to reassure Tesla employees of the automaker’s “bright and exciting” future at a company all-hands meeting on Thursday, urging them not to sell their stock even as the company’s valuation slides precipitously downward.

“There are times when there are rocky moments,” the billionaire CEO told his employees. “But what I’m here to tell you is that the future is incredibly bright and exciting, and we’re going to do things that no one has even dreamed of.”

During the meeting, which was broadcast on X, Musk urged employees to “hang on” to their stock in the face of a 50% drop in share prices. Tesla has borne the brunt of the backlash against the tech executive’s role in Donald Trump’s administration. In the months since Trump named Musk the head of what he calls the “department of government efficiency” (Doge), the world’s richest person has dismantled entire federal agencies, canceled contracts across bureaus that had any mention of diversity, equity and inclusion, and made a gesture at a rally that his estranged daughter called “definitely a nazi salute” in an interview this week.

In response, Tesla owners are attempting to sell their vehicles; the company’s stock price has plummeted and Teslas around the country have been vandalized – some even set on fire with Molotov cocktails. The Vancouver International Auto show announced earlier in the week it had removed the company from the lineup for its upcoming showcase over security concerns as the protests against Musk spread.

Read more: https://www.theguardian.com/technology/2025/mar/21/elon-musk-tesla-stock



This reminds me of when a former employer, after being bought out by a vulture capital firm, was pushing employees to get into the company stock purchase plan....... not long before declaring bankruptcy. I'd been participating in the employee stock plan for several years and wound up losing over $10,000 in that bankruptcy.
59 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Elon Musk tells Tesla employees to hold on to their stock amid harsh selloff (Original Post) groundloop Mar 2025 OP
Psychologically, doesn't the fact he is even putting this out--begging employees not to cash out--sending hlthe2b Mar 2025 #1
Absolutely! SheltieLover Mar 2025 #14
Well, it is up about 10 points today (noon MT) so someone must be trying to help him... hlthe2b Mar 2025 #20
Retail investors. Demobrat Mar 2025 #37
That or.... Xolodno Mar 2025 #46
I read an article this morning, can't find it now though. Demobrat Mar 2025 #47
His brother sold his shares CanonRay Mar 2025 #2
So did a couple of the Tesla executives. Think. Again. Mar 2025 #17
To borrow a phrase.."Suckers and losers". BattleRow Mar 2025 #27
Reminds me of Enron. House of Roberts Mar 2025 #3
My first thought, also. erronis Mar 2025 #23
Exactly like Enron. Comfortably_Numb Mar 2025 #30
And USEC Blue Full Moon Mar 2025 #33
name change poozwah Mar 2025 #34
Wonder how that would play in the greater media-verse? House of Roberts Mar 2025 #40
Elon would buy up all the shares people are dumping if he actually believed his own bullshit. sop Mar 2025 #4
Exactly! SheltieLover Mar 2025 #13
That is an excellent point. n/t BlueSpot Mar 2025 #57
With a PE of over 100, and more competition coming to market, along with the fact the his largest buyers of Teslas are JohnSJ Mar 2025 #5
Hell no! SheltieLover Mar 2025 #12
Exactly. JohnSJ Mar 2025 #15
But I've never felt compelled to drive a pos video game controller SheltieLover Mar 2025 #16
Reminds me of that show GusBob Mar 2025 #6
Actually to give credit: Michael Lewis's book - The Big Short erronis Mar 2025 #26
that is exactly what ken lay told the enron employees rampartd Mar 2025 #7
You beat me to it! BattleRow Mar 2025 #24
Rocky moments were created by Elon Musk dismantling everyone's well-earned money. Baitball Blogger Mar 2025 #8
Musks brother sold his stock YorkRd Mar 2025 #9
So dd a couple of tesla execs. Think. Again. Mar 2025 #18
Is the SEC still functional? dickthegrouch Mar 2025 #10
Translation: please don't crash my stock SheltieLover Mar 2025 #11
That doesn't work when there's a run on banks and it won't work for Tesla stock. SunSeeker Mar 2025 #19
Little pissant likes giving orders. sinkingfeeling Mar 2025 #21
Speaking of harsh sell-offs: Record Tesla Trade-Ins Hit flvegan Mar 2025 #22
A lot of them are probably leased. Demobrat Mar 2025 #48
I don't think a leased Tesla flvegan Mar 2025 #49
Musk is an unrepentant sociopath... GiqueCee Mar 2025 #25
A friend 'had' $30,000 in Tesla stock pfitz59 Mar 2025 #28
I sold at $400/share..... AZ8theist Mar 2025 #55
I bought during the dip stoned Mar 2025 #29
If you could sell that stock later, at a time it makes you money questionseverything Mar 2025 #54
Most likely stoned Mar 2025 #59
I encourage MAGAts to buy Tesla stock, put it all in. Make it great again IronLionZion Mar 2025 #31
Musk is trying to defraud his employees LetMyPeopleVote Mar 2025 #32
Yes. Stay on the Titanic and remain calm. Everything will be okay. Yavin4 Mar 2025 #35
Sell, sell! Everything must go! Also start looking for another job before the bankruptcy. Dave Bowman Mar 2025 #36
Plus the new Chinese electric cars Mblaze Mar 2025 #38
I don't see Tesla sales rebounding Sky Jewels Mar 2025 #39
I'll never buy one. Won't even take one for free. mdbl Mar 2025 #43
Add to that Insurance companies are considering increasing insurance rates for Tesla owners. tulipsandroses Mar 2025 #53
Yes! Sky Jewels Mar 2025 #58
Elon's lips were moving, Time to bail. Martin68 Mar 2025 #41
Everything he touches Dies !!! Ford_Prefect Mar 2025 #42
I dub thee Tesron! joanbarnes Mar 2025 #44
Do things no one has ever dreamed of! slightlv Mar 2025 #45
I thought the same thing when I read that part! Dem2theMax Mar 2025 #50
Principals must be careful in what they say in public. bucolic_frolic Mar 2025 #51
Just a few days ago wasn't there a story about company execs selling $100Ms? RockRaven Mar 2025 #52
Tell 'em sell their stock and look into using the proceeds to buy a Rivian. marble falls Mar 2025 #56

hlthe2b

(112,627 posts)
1. Psychologically, doesn't the fact he is even putting this out--begging employees not to cash out--sending
Fri Mar 21, 2025, 12:32 PM
Mar 2025

a really bad message? 'Seems to me that would convince me to sell while I still could--or at least that which I could not afford to lose.

hlthe2b

(112,627 posts)
20. Well, it is up about 10 points today (noon MT) so someone must be trying to help him...
Fri Mar 21, 2025, 12:58 PM
Mar 2025

246.77 USD +10.51 (4.45%)
today

Xolodno

(7,291 posts)
46. That or....
Fri Mar 21, 2025, 04:55 PM
Mar 2025

...Tesla is looking ripe for the taking. If execs are dropping their shares, that's usually not a good sign.

Demobrat

(10,257 posts)
47. I read an article this morning, can't find it now though.
Fri Mar 21, 2025, 05:08 PM
Mar 2025

It talked about this. Maybe the commerce secretary going on Fox a few days ago and telling the MAGAts to buy the stock worked. They’re just that gullible.

Comfortably_Numb

(4,188 posts)
30. Exactly like Enron.
Fri Mar 21, 2025, 02:24 PM
Mar 2025

Enron CEO Kenneth Lay and other executives, including Jeffrey Skilling, sold significant amounts of Enron stock before the company's collapse, while also urging employees to buy shares, raising questions about insider knowledge and potential manipulation.

House of Roberts

(6,374 posts)
40. Wonder how that would play in the greater media-verse?
Fri Mar 21, 2025, 03:35 PM
Mar 2025

Might catch on, with Starlink fading, Tesla losing sales, and SpaceX not exactly doing so great themselves.

sop

(17,288 posts)
4. Elon would buy up all the shares people are dumping if he actually believed his own bullshit.
Fri Mar 21, 2025, 12:39 PM
Mar 2025
 

JohnSJ

(98,883 posts)
5. With a PE of over 100, and more competition coming to market, along with the fact the his largest buyers of Teslas are
Fri Mar 21, 2025, 12:40 PM
Mar 2025

environmentally conscious progressives which musk has actively disparaged

My only question is:

Would you buy a used car from him?


rampartd

(3,581 posts)
7. that is exactly what ken lay told the enron employees
Fri Mar 21, 2025, 12:42 PM
Mar 2025

as he dumped his own golden parachute.

BattleRow

(2,087 posts)
24. You beat me to it!
Fri Mar 21, 2025, 02:05 PM
Mar 2025

Enron..first thing that came toy mind!
I always called it endrun...

SunSeeker

(57,441 posts)
19. That doesn't work when there's a run on banks and it won't work for Tesla stock.
Fri Mar 21, 2025, 12:57 PM
Mar 2025

When people are afraid of losing their money they want out.

flvegan

(65,682 posts)
22. Speaking of harsh sell-offs: Record Tesla Trade-Ins Hit
Fri Mar 21, 2025, 01:49 PM
Mar 2025

As Owners Turn Their Backs On The Brand

Read More: https://www.jalopnik.com/1815968/tesla-trade-ins-owner-turn-backs-on-brand/
"Tesla cars from model year 2017 or newer accounted for 1.4% of all the vehicles traded in until March 15, up from 0.4% in March last year, according to data provided to Reuters by Edmunds. Analysts at the national car shopping website said that share could grow through the second half of the month.

Read More: https://www.jalopnik.com/1815968/tesla-trade-ins-owner-turn-backs-on-brand/"

LOL, though I am sorry for those that bought a Tesla with good intent, prior to realizing Elon was such a shit human.

Demobrat

(10,257 posts)
48. A lot of them are probably leased.
Fri Mar 21, 2025, 05:11 PM
Mar 2025

People will hold on until the lease is up and then move on to something else.

flvegan

(65,682 posts)
49. I don't think a leased Tesla
Fri Mar 21, 2025, 05:41 PM
Mar 2025

when turned back to the dealer (Tesla) it will count as a trade-in.

GiqueCee

(3,311 posts)
25. Musk is an unrepentant sociopath...
Fri Mar 21, 2025, 02:05 PM
Mar 2025

... who is incapable of admitting a mistake; he'll just keep digging his own grave deeper, until someone he fucked over actually puts him in it. The sooner the better.

pfitz59

(12,265 posts)
28. A friend 'had' $30,000 in Tesla stock
Fri Mar 21, 2025, 02:11 PM
Mar 2025

It's down quite a bit. Part of his retirement portfolio. He's tempted to sell before losing it all. He's not sure what to do. He hates Musk.

AZ8theist

(7,055 posts)
55. I sold at $400/share.....
Fri Mar 21, 2025, 06:29 PM
Mar 2025

I will NEVER buy that crap again under any circumstances.

But thanks, Eloon. I made a boatload of money off of you. Before you showed the world that you're a FUCKING Nazi.

 

stoned

(334 posts)
29. I bought during the dip
Fri Mar 21, 2025, 02:23 PM
Mar 2025

I'm sure that will make me no friends here, but I keep emotion out of my market decisions.

 

stoned

(334 posts)
59. Most likely
Sat Mar 22, 2025, 11:06 AM
Mar 2025

I'll be keeping it for the next 30 years, and buying more when it dips. I do zero "day trading" and 100% of my investments are medium- and long-term.

LetMyPeopleVote

(174,319 posts)
32. Musk is trying to defraud his employees
Fri Mar 21, 2025, 02:38 PM
Mar 2025

Tesla is overvalued and these employees should sell




This same trick was used by Enron management before Eron went under



 

Yavin4

(37,182 posts)
35. Yes. Stay on the Titanic and remain calm. Everything will be okay.
Fri Mar 21, 2025, 03:00 PM
Mar 2025

Meanwhile, the executives are heading for the lifeboats. Shades of Enron.

Mblaze

(917 posts)
38. Plus the new Chinese electric cars
Fri Mar 21, 2025, 03:21 PM
Mar 2025

are two times better at half the cost. Tesla is being propped up by tariffs and American reluctance to import Chinese cars.

 

Sky Jewels

(9,148 posts)
39. I don't see Tesla sales rebounding
Fri Mar 21, 2025, 03:32 PM
Mar 2025

like, ever. His name is poison worldwide and with the type of Americans who are most likely to buy an EV. They have other, better, cheaper option than his cars, especially the hideous held-together-by-Elmers-Glue Nazimobiles. They won't be able to stop the anti-Tesla vandalism, and who is dumb enough to buy a car that you have to worry about getting keyed, spray painted, or torched every time you park it outside your own garage?

tulipsandroses

(8,116 posts)
53. Add to that Insurance companies are considering increasing insurance rates for Tesla owners.
Fri Mar 21, 2025, 06:11 PM
Mar 2025

I don't know how long it will take, but my prediction is that eventually Tesla will be like Blockbuster and Phone booths. A thing of the past.

slightlv

(7,396 posts)
45. Do things no one has ever dreamed of!
Fri Mar 21, 2025, 04:40 PM
Mar 2025

Jeez... he even *sounds* like trump now! Always to the most extreme verbage.

bucolic_frolic

(53,801 posts)
51. Principals must be careful in what they say in public.
Fri Mar 21, 2025, 06:08 PM
Mar 2025

Recommending this or that could be seen as having inside information. If we had any SEC enforcement left.

RockRaven

(18,624 posts)
52. Just a few days ago wasn't there a story about company execs selling $100Ms?
Fri Mar 21, 2025, 06:09 PM
Mar 2025

So as top execs cash out, the peons should hold. Right. As always, do as we say not as we do.

marble falls

(70,480 posts)
56. Tell 'em sell their stock and look into using the proceeds to buy a Rivian.
Fri Mar 21, 2025, 07:30 PM
Mar 2025

... and look into the Rivian, a dependable, real electric vehicle.



?v=1636564967

Latest Discussions»Latest Breaking News»Elon Musk tells Tesla emp...