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File photo of tech businessman Elon Musk
The tweets recall Musk’s controversial tweets in August 2018 when he said he had “secured funds” for a quickly aborted campaign to make the electric car maker private.
- AFP
- Last update: May 2, 2020 8:43 AM IST
Tesla boss, irascible and frank, Elon Musk participated in another tirade on Twitter on Friday, including the fact that the company’s shares were overvalued, causing the shares of the electric car maker to drop.
“Tesla’s share price is too high,” (in my opinion), Musk said on Twitter.
Tesla’s share price is too high
– Elon Musk (@elonmusk) May 1, 2020
“Now give people back their FREEDOM,” he demanded soon after, and then quoted lines from the US national anthem. USA, An apparent repetition of his complaints about requests to stay home and the closure of businesses due to the coronavirus pandemic.
Now give people back their FREEDOM
– Elon Musk (@elonmusk) May 1, 2020
Musk, who delivered an outrageous tirade on Wednesday night in a profit call calling the coronavirus restrictions “fascist,” also said, “I am selling almost all of my physical possessions. He will not own any home. .
Tesla shares were up about 85 percent this year from Thursday’s close as production has increased and analysts praised the company for being well positioned for an expected transition to electric cars.
But the stock price sank 10.3 percent on Friday to close at $ 701.32 following the latest Twitter outburst.
The stock valuation tweets recall Musk’s controversial tweets in August 2018 when he said he had “secured the funds” for a quickly aborted campaign to deprive the electric car maker.
United States securities regulators eventually charged Musk with fraud and fined him $ 20 million, part of an ongoing dispute with the Securities and Exchange Commission.
Musk agreed under an April 2019 deal with the SEC on issues he should avoid on Twitter or other social media, including statements about acquisitions, mergers, new products, and production numbers.
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