Tesla shares drop $13bn after Elon Musk tweets that ’stock price is too high’

Tesla shares drop $13bn after Elon Musk tweets that ’stock price is too high’

Elon Musk is at it again. Almost a year ago to the day Musk was reprimanded by the SEC for tweets he made alluding to taking this company private. In his latest Friday morning tweet frenzy. Musk stated Tesla’s stock price was too high, along with complaining about the ’facist’ lockdown and a reference to his girlfriend being mad at him. Tesla shares fell 10% following his tweets.

Steve
Steve
Evil Smoo
Evil Smoo 3 weeks

Breaking news! Stocks go up. Stocks go down. No matter what happens, Elon is horrible and everyone should panic. Says news people paid by those who hate Elon.

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.

ThePROFESS10NAL
ThePROFESS10NAL 3 weeks

At least he is honest

Max Maidment
Max Maidment 3 weeks

Didn't he say it after it already started dropping due to corona tweets?

vito
vito 3 weeks

The SEC will once again go after him.

Canadian Thought
Canadian Thought 3 weeks

Lol. If the stock price goes down because he says it's too high, then it was! Lol.

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