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A mysterious Twitter message of what the head of the electric car maker should be brings stock down sharply. The message may have broken the terms of a previous agreement.
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Just after 5 p.m. Friday afternoon, Tesla shares fell sharply after Elon Musk tweeted that “the price is too high.”
At 5:50 p.m., Tesla’s share was down 12.25 percent to $ 686.08. The stock price has now fallen close to $ 100.
It is unclear if it was really Musk who sent the somewhat unconventional Twitter message. Subsequently, there have been a series of account messages that may be referred to as inconsistent.
Shortly before that message, another message was published where Musk allegedly wrote that he “sells almost all of the physical assets” and that he does not want to “own a home.”
In the series of messages posted to the account, it is also believed that people should regain their freedom. In addition, excerpts from the US national anthem have been published. USA The Star-Spangled Banner.
CNBC writes that Tesla has not yet had a chance to comment on the matter. Musk also did not respond to Bloomberg’s request for more information.
I had to resign as chairman of the board
Elon Musk has been a controversial figure on Twitter. In September 2018, he had to resign as president of the electric car maker after concluding a deal with the Stock Exchange and the SEC’s Financial Supervisory Authority.
Through Twitter, Musk announced at the time that he was “considering” withdrawing Tesla from the stock exchange, which “secured” the necessary funds for a possible exit at $ 420 per share, 17 percent above the price of the action.
Twelve minutes after the Twitter message, Tesla’s head of investor relations sent the following text message to Musk, according to SEC information:
– Was this text legal?
In the following days, Musk explained that he has been in talks with a Saudi Arabian fund several times in recent years, where the issue has been to remove Tesla from the stock exchange.
The deal means, among other things, that Musk must get one of Tesla’s attorneys to approve messages with content that addresses specific issues.
These topics include the company’s financial conditions, possible mergers or acquisitions, production and sales figures, new or proposed business areas, unpublished projections or predictions, and Musk’s purchase or sale of Tesla shares. , according to Bloomberg.
