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Musk wrote Friday that he believes Tesla’s stock price is too high. In addition, the billionaire tweeted: “I sell almost all physical properties,” and that he will no longer own a home. As a result, Tesla’s share continued to drop and temporarily fell on the NASDAQ exchange by around twelve percent. At the end of trading on Friday, the share price was still 10.3 percent lower at $ 701.32 per share.
When asked by the Wall Street Journal if the tweets were a joke and if the company approved them before publication, Musk responded by email with a “no,” the newspaper reported.
That could put the Tesla chief back in the spotlight on the US stock market regulator. USA SEC. An agreement with the authorities stipulates that Musk must have the company approve his tweets. The trigger for this was Musk’s announcement on Twitter in the summer of 2018 that he was considering pulling Tesla off the wall and that funding was secured. The SEC, after an investigation, concluded that Musk had no firm funding commitments and enforced Twitter’s restrictions.
Musk is also known to cause a stir and confusion with strange Twitter appearances. After the SEC deal, he wrote that he was Tesla’s “new nothing” and thus sparked speculation that he had resigned from the executive position. On April 1 last year, he tweeted a photo jokingly about a Tesla bankruptcy. An important question now might be whether the indication that it was Musk’s opinion released him from the release obligation.
The campaign comes from all time as Tesla entered the street financially after heavy losses. It was only Wednesday that the company celebrated its longest stretch of profitability since its inception in 2003 with the third consecutive quarterly profit. Despite heavy losses on Friday, the stock price has risen by more than 80 percent since the start of the year, despite the crown pandemic plaguing the laden auto industry.
/ bek / he
NEW YORK (dpa-AFX)
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Image sources: John Keeble / Getty Images, Joe Scarnici / WireImage / Getty Images
