Major investors have recently called for Elon Musk to step down as Tesla's chief executive officer, arguing that fresh leadership is essential as the company attempts to overcome its numerous current challenges.

Elon Musk sought to reassure Tesla Inc. employees that despite “rocky moments,” they should “hang onto” their stock, in an unannounced all-hands meeting Thursday in Austin, Texas, which the billionaire chief executive streamed live on his social media network X.