Tesla finally bottomed out and rebounded? After nearly three months of decline, Tesla, the world's largest automaker, finally showed signs of stopping the decline and rebounding this week. Tesla has closed higher for three days in the four trading days this week, stopping its previous continued decline. But today's closing price rose slightly by 0.4% to close at $273.
Since hitting an all-time high of $480 at the end of December last year, Tesla's stock price has suffered free fall in the past three months. It not only completely gave up Trump's gains after winning the election, but even fell to $220 at one point, and its market value has also shrunk from the highest $1.6 trillion to less than $800 billion.
As the stock price continues to fall and sales continue to decline, Tesla is in a situation of low morale and internal and external difficulties. External investors have put pressure on the board, and some well-known investors have even publicly called on Musk to give up his position as CEO of Tesla.
Against this background, Musk presided over a meeting of Tesla's all employees last week, answering many questions of concern to employees and external people. At the meeting, he called on employees not to sell their company shares, saying that he was still optimistic about Tesla's long-term prospects and hoped that employees would persist together.
Two big stories about unmanned vehicles and robots
Musk admitted that Tesla is currently facing difficulties, and also admitted that it is difficult to deal with the multi-line combat (stretched pretty thin), but he emphasized that Tesla will once again break through the limits of technology and production, so that the market can re-recognize its value.
Musk emphasized two long-term positive factors for Tesla: unmanned vehicles and robots. He used a futuristic description to explain to employees and to the outside world his vision for the upcoming Cybercab self-driving taxi. “We intend to produce Cybercab at a rate of 5 seconds per car, like consumer electronics.”
What does one car mean in 5 seconds? Even giants like Toyota Ford can only assemble a car in two minutes on average. To achieve this speed, extremely high automation and modular production platforms are required. Musk described it as a "software-driven vehicle factory revolution."
According to Musk's vision, compared with other similar products, Tesla's ...
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