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‘Hang onto your stock,’ Elon Musk tells Tesla employees. He has big ambitions for robots. - MarketWatch

1. Musk encourages employees to hold TSLA shares amid turbulent market conditions. 2. Tesla's stock has fallen 42% this year due to various market pressures. 3. Musk predicts Optimus humanoid robots will be the top-selling product ever. 4. Model Y is expected to be the best-selling vehicle again this year. 5. Full Self-Driving improvements are ongoing, aiming for significant safety upgrades.

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FAQ

Why Bullish?

Musk's faith in TSLA future, coupled with product innovations, creates positive outlook. Historical precedents include Musk’s previous optimistic forecasts leading to short-term stock recoveries.

How important is it?

The CEO's statements underscore a commitment to innovation and future product types, suggesting potential for stock recovery. However, market reactions remain uncertain given recent performance.

Why Long Term?

Musk's long-term vision for Teslas, including humanoid robots, lays groundwork for future growth. Similar to initiatives with the Cybertruck and Model 3 that eventually increased stock value.

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