Shares of Tesla fell as much as 4.6% in late Friday trading. (File)
What Tesla Inc. Is likely to become a tr trillion dollar company in? It’s the idea that Elon Musk had to tweet early Friday morning, only to have the billionaire do something rare for him: delete a post.
The exchange begins with a tweet from an account that regularly features promotional posts about Tesla and “complete self-driving”, a package the company sells with its driver-assistance system op Topilot. The feature, often referred to as FSD, is in controversy because of Tesla’s mixed messaging – the company tells drivers who use it that they need full attention.
“FSD is the biggest thing ever,” the user wrote on the Wholmarsblog. “Tesla will be bigger than Apple Pal.”
I think there is a> 0% chance that Tesla could become the largest company
– Elon Musk (elonmusk) March 26, 2021
Tesla’s chief executive officer, Kasturi, replied that he thought “a> 0% chance Tesla might be the largest company.” Another user wrote that they liked “the direction of the arrow,” Musk replied: “Probably in a few months. “
Kasturi then quickly deleted the next post. It’s unclear whether he thought it better to send it or ask him to take down the tweet.
Shares of Tesla fell as much as 4.6% in late Friday trading. The stock was down 3.7% in New York at 12:55 p.m.
As part of a settlement with the US Securities and Exchange Commission in 2018 regarding Musk’s tweets about privatizing the company, Tesla agreed to appoint a securities lawyer to review officials’ social media posts and ensure they are consistent with advertising policies. Proceedings. Tesla, in particular, also agreed to monitor the communications conducted by Musk and to pre-approve any information material to the company or shareholders.
Hours before Friday’s exchange, the National Labor Relations Board ruled that Tesla had repeatedly violated U.S. labor laws and that Musk needed to delete a tweet threatening to punish workers if they organized. He has not yet assumed that position.
With a market capitalization of about 600 600 billion, Tesla has a long way to go to overtake Apple Pal Inc. as the world’s largest company. The iPhone manufacturer has a market value of about $ 2 trillion.
(Except for the headline, this story has not been edited by NDTV staff and has been published from Syndicate Feed.)
.
