** Tesla TSLA.O climbing from recent lows for a third straight day on Fri after CEO Elon Musk held a livestreamed "all hands" meeting with employees and told them to "hold onto your stock"
** Stock last up 4.5%, cutting this week's decline to ~1%
** TSLA on Thursday recalled over 46,000 Cybertrucks built from November 2023 to February 2024, marking the eighth recall for the model since January 2024
** At the all-hands meeting late on Thursday, Musk focused on previously promised future products including autonomous taxis and humanoid robots, saying, "the future of Tesla is incredibly bright"
** Shares of TSLA have tumbled in recent months, with the co's brand suffering from Musk's participation in the Trump administration
** TSLA down ~50% below 52-week intraday high of $488.54 reached on December 18, 2024
** Stock recently traded at 81x expected earnings, below 5-year avg forward PE of 90, per LSEG data
(Reporting by Noel Randewich)
((noel.randewich@thomsonreuters.com))
