Self-described “long-term optimist” Elon Musk made another bold prediction about his car company. That isn’t necessarily good news for Tesla’s stock price. On Saturday, Musk tweeted that Tesla’s earnings could grow tenfold over the coming five years if its business execution is “outstanding.

Wedbush analysts called the event a "major and much needed step forward" after calls for Musk to reassure investors after the stock's recent slide. "We applaud Musk for 'reading the room' and showing important hand holding at this key time for employees and investors," they said.