**Excerpt:**
In a company-wide meeting on March 20, 2025, Elon Musk addressed Tesla employees amid a 51% stock decline since December 2024, urging them to “hang on to your stock” and expressing confidence in Tesla’s long-term potential. Musk candidly acknowledged the company’s struggles, including a nine-week stock losing streak, protests at Tesla showrooms, and vehicle vandalism, likening the situation to “Armageddon.” He also admitted to being “stretched pretty thin” due to his multiple roles, including leading Tesla, SpaceX, and xAI, as well as his controversial position as the de facto head of the White House’s Department of Government Efficiency under President Donald Trump. Despite the challenges, Musk’s reassurance led to a 1% stock rise the following day, with analysts praising his leadership during turbulent times. However, Tesla continues to face declining brand perception and sales woes, while Musk’s net worth has dropped by $140 billion, making SpaceX his primary source of wealth. As Tesla navigates this storm, Musk’s ability to balance his responsibilities and restore stability remains under intense scrutiny.
