Tesla shares fell more than 10% on Tuesday, deepening a year-long selloff, prompting CEO Elon Musk to tell employees not to be “too bothered by stock market craziness.”
Musk made the remarks in a companywide email on Wednesday, which CNBC obtained. He told employees that Tesla must “continue to demonstrate excellent performance” and that “long-term, I believe very strongly that Tesla will be the most valuable company on Earth!”
The email was first reported on by the electric vehicle blog Electrek.
Tesla shares have fallen about 68% this year, though they rose 3.3% to $112.71 on Wednesday. The stock is down 42% in December and is on track to have its worst month, quarter, and year ever.
