Twitter reacts to Elon Musk’s tweet



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Alex Dovbnya

Tesla CEO Elon Musk piles up his company’s shares by claiming it’s too high as he fuels yet another debate over the price of Bitcoin (BTC)

Content

  • Musk agrees
  • Another storm of tweets

Tesla CEO Elon Musk has stepped up his Twitter game by tweeting that the company’s shares were “too high.”

Investors quickly reacted to the unorthodox statement by pushing Tesla shares down 12 percent in the span of an hour.

In response to Musk, whoever is behind Bitcoin’s Twitter identifier tweeted that the price of BTC was, in fact, too low.

Musk agrees

How reported by U.Today, the market capitalization of the leading electric car maker once again surpassed that of Bitcoin in April.

Bitcoin analyst Tuur Demeester claimed that Tesla’s valuation was “overdone” compared to BTC. Now him gladly tweets they all seem to be on the same page.

The famous businessman’s confession also inspired Binance CEO Changpend Zhao to publish a survey on the price of Bitcoin.

Another storm of tweets

The bearish tweet, which played into the hands of Tesla’s short sellers, was just part of his most recent storm on Twitter.

The charismatic billionaire announced that he would sell all of his physical possessions while reciting the United States’ national anthem to defend people’s liberty.

How Reported by U.Today, Musk is one of the most vocal advocates of ending blockades he compared to “fascism” during his recent earnings call.

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