Tesla employees remain confident despite stock decline

businessinsider.com

Tesla's stock has dropped 44% this year, raising concerns on Wall Street. However, many employees at Tesla seem unfazed by the situation. They express confidence in the company's future despite the current stock woes. Several employees mentioned that the stock is still up about 30% compared to last year. Over the past five years, it has increased over 800%. Many workers avoid checking the stock price regularly, believing it can cause unnecessary stress. They say that fluctuations are beyond their control, especially due to CEO Elon Musk's actions. In an internal forum, employee discussions indicate a calm attitude towards the stock situation. The atmosphere at work is not seen as negative, according to a worker based in Nevada. Most employees continue to support the company’s direction. Historically, Tesla has relied on stock grants as part of employee compensation. Some workers have shifted to cash options due to the stock's volatility. Tesla's pay structure generally offers lower base salaries but includes significant stock rewards. Despite the stock slump, many employees remain optimistic about Tesla's future. One manager remarked that as long as the product is high-quality, sales will continue. Though Musk's controversies have caused some unrest, the overall sentiment among workers seems to be one of confidence in the company.


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