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Ringo H.W. Chiu / Associated Press
- Tesla CEO Elon Musk at Friday tweeted that the stock price is too high.
- Tesla shares fell as much as 13%, extending previous losses.
- Musk also tweeted that people should be given their freedom back and share the lyrics to the US national anthem. USA
- The Twitter complaint comes just days after Tesla’s first-quarter earnings release, where Musk spoke out against the shelter-in-place orders.
- See how Tesla operates live on Markets Insider.
Tesla shares fell as much as 13% on Friday morning, continuing losses earlier in the day, after CEO Elon Musk went to Twitter to say the shares were too high.
“Tesla’s stock price is too high,” Musk tweeted. He also tweeted that he would sell “almost all physical possessions” and that he would not own any home.
Musk also again asked that people be released, and tweeted lyrics from the US national anthem. USA
The messages come just days after Musk was enraged during Tesla’s first-quarter earnings call, saying the shelter-in-place orders in the United States are “fascist.”
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“Frankly, in my opinion I would call it the forced imprisonment of people in their homes against all their constitutional rights,” he said Wednesday. “It is breaking people’s freedoms in horrible and wrong ways and not why they came to the United States or built this country. What the hell … Excuse me. Outrage. Outrage.”
Musk has long spoken out against the coronavirus pandemic. In March, he said panic about the outbreak was “fool“And this week they applauded plans for some states like Texas to start reopening parts of their economies.
Tesla’s stock price has outperformed the broader market this year, amid the coronavirus crash. Shares rose approximately 87% during the year through Thursday’s close.
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