Options Market Statistics: Tesla Shares Surged After Elon Musk Told Tesla Employees to 'Hang onto Your Stock'

During Elon Musk’s two months in Washington, D.C., $Tesla Motors(TSLA)$   shares have been on a precipitous decline, losing over 40% of their value.

At an all-hands meeting with Tesla employees on Thursday evening, Musk addressed some of those issues, while trying to reassure employees that they were still in good hands, and to “hang onto your stock.” The shares closed more than 5% higher on Friday at $248.71.

“It's very difficult like for people in the stock market, especially those that look in the rearview mirror — which is most people — to imagine a future where suddenly a 10 million vehicle fleet has five to ten times the usefulness,” Musk said, touting his vision for autonomous vehicles that he’s long promised. “It's so profound and there’s no comparison with anything in the past that it does not compute. But it will compute in the future.”

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