Elon Musk says Tesla stock is ’too high’—and it quickly falls

Elon Musk says Tesla stock is ’too high’—and it quickly falls

Elon Musk tweeted Friday that Tesla’s stock price was ’too high’ in his opinion, immediately sending its shares down by nearly 13%, wiping off $14bn of the company’s value. The billionaire made the comment in a string of tweets that also saw him reveal he was selling all of his possessions. In 2018, a tweet about Tesla’s future on the New York stock market led to regulators fining the company $20m

David
David
Doug
Doug 4 weeks

Wondering if shareholder class action lawsuit coming for price-damaging tweet

Timothy
Timothy 4 weeks

Market manipulation? It will be interesting to see who picks up shares in Tesla on the downward journey.

Jon
Jon 4 weeks

Who are these morons who own Tesla stock and flip out over every Tweet Elon makes? Can they just stop investing in Tesla and go bother someone else?

WorldUndercurrent
WorldUndercurrent 4 weeks

This is how you know we need to roll back the tax system to when ‘America was great’, right after we kicked those fascist goon’s butts in wwII, and built the middle class. He can still launch Tesla’s into space we’ll just take a little off the top. 🤑

Sherlock
Sherlock 4 weeks

Musk looks out of it some times. He might be a great disigner but don't seem ideal for a CEO position.

HMZ
HMZ 4 weeks

I know it might be unconstitutional, but can the Tesla board ban Elon Musk from being on social media? He is an innovator and maverick but he does come with a self-destruct button, that he enjoys polishing often.

Max Bants
Max Bants 4 weeks

He may be trying to prevent a bubble

Pryotra
Pryotra 4 weeks

Sounds like musk wanted to buy some stock on the cheap. It's certainly one way to regain control of the company.

Jackie
Jackie 3 weeks

I'm genuinely impressed that I'm the first person in these comments to say that this is probably the first real example of "get woke go broke"

Leo Miggel
Leo Miggel 4 weeks

Slashing his own stock value to buy back from Chinese shareholders... 200 IQ move

Benzion Menashe
Benzion Menashe 4 weeks

Words are powerful

Adam Marceau
Adam Marceau 4 weeks

O look a buying opportunity

James
James 3 weeks

Elon: I think we should let the people choose to be locked down or not. Left wing media: Elon Musk is only caring about his stock bonuses. Elon: I don’t care about my stock bonuses. *burns stocks* “It’s not about the money. It’s about sending a message.” Smart move? Probably not, he will probably face major consequences (possible legal or corporate). A respectable move? Almost, he technically was playing with other people’s money makes it a tad scummy. A pro gamer move? Totally.

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