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“Tesla’s stock price is too high,” said the CEO, who has 33 million followers on the social network.
Diario Financiero – Santiago
Controversial Tesla CEO Elon Musk complained about his company’s stock price on Twitter on Friday, and in less than an hour he erased $ 14 billion from its stock value.
“Tesla’s stock price is too high,” said the CEO, who has 33 million followers on the social network.
Tesla stock price is too high imo
– Elon Musk (@elonmusk) May 1, 2020
Over the course of an hour, the share price of the electric car company fell as much as 10%, then recovered slightly. The move came in a period that has been highly volatile for Tesla’s shares.
Titles plummeted more than 60% after the impact of the coronavirus, but then recovered with a jump of 120%. Last week the company announced its third consecutive quarter of earnings.
The seven-word tweet was the businessman’s latest controversy, whose reflections on Twitter have brought him to a critical point before.
An incorrect claim in mid-2018 that it was close to the Tesla purchase led to a complaint by the United States Securities and Exchange Commission (SEC). And to an agreement that implied that Musk agreed not to issue tweets that would move the market in the future without first clarifying them with his company’s legal department.
This time, Tesla did not confirm whether Musk’s tweet received legal authorization.
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