Elon Musk Urges Tesla Employees to Retain Stock Amid Leadership Criticism

Tesla stock sees a brief rally after Musk's public appeal, but insider sales and calls for new leadership highlight ongoing challenges.

Elon Musk held a livestreamed all-hands meeting, encouraging Tesla employees to hold onto their stock despite its 40-50% decline in recent months.
Tesla stock rallied 4% following Musk's remarks, though it remains significantly down and faces continued market skepticism.
Significant insider stock sales by Tesla executives and board members, including CFO Vaibhav Taneja and Robyn M. Denholm, have raised concerns about confidence in the company’s future.
Critics, including major investors, are increasingly calling for Musk to step down as CEO, citing his divided focus due to other ventures and his role in the Trump administration.
Employee dissatisfaction grows as stock-based compensation has been halted, potentially leading to unionization efforts at Tesla factories.