Tesla's market value drops by $14 billion after Elon Musk tweets 'stock price too high'; CEO's stake down by $3 billion in value
FirstpostIn his Twitter tirade, Musk even claimed that he is selling almost all his physical possessions and that he will ‘own no house’ Tesla founder and CEO Elon Musk recently tweeted that the company’s share prices were too high. The tweet managed to wipe USD 14 billion off the carmaker’s value and set back Musk’s own stake in Tesla by USD 3 billion after investors bailed out of the company, reported Reuters _._ In a bizarre Twitter rant on Friday, Musk wrote, “Tesla stock price is too high imo.” In his Twitter tirade, Musk even claimed that he is selling almost all his physical possessions and that he will “own no house.” I am selling almost all physical possessions. — Elon Musk May 1, 2020 According to a BBC report_, the Wall Street Journa_l asked the billionaire if he was joking about the share price tweet and whether it had been vetted. https://t.co/iG8OYGaVZ0 — Elon Musk April 29, 2020 He then posted later, “Yes, reopen with care and appropriate protection, but don’t put everyone under de facto house arrest.” An opinion column in CNN said that Musk must has taken to Twitter to perhaps help out Tesla’s business.