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Billionaire Elon Musk, owner of Tesla (Photo: Playback / Facebook)
Controversial Elon Musk, CEO of Tesla, caused a stir on Twitter again this Friday (05/01). The lowered stocks company after declaring on Twitter that the company’s papers were overrated. In a short time, the company saw its market value drop. At the end of the day, the paper fell 10.3%.
This is not the first time that the behavior of the executive on the social network has a direct impact on Tesla’s actions. In May 2019, Musk signed an agreement with the Securities and Exchange Commission (SEC), the regulator of the financial market in the US. After publishing information about the company.
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After this setback, it was decided that Musk’s tweets should be approved by Tesla’s legal department. Among the data that the vehicle maker’s founder would be prohibited from disclosing are comments about the company’s financial situation, speculation about mergers or acquisitions, and the status of pending legal and regulatory decisions.
The new verbal explosion on Twitter has caused followers to speculate whether the executive’s executive account could have been hacked by hacekrs. After the message about Tesla’s actions, other posts of questionable content followed. In one, Musk said he would dispose of all of his assets, saying he would not own a home. Twitter, Tesla and Musk did not comment on the messages until the close of this issue.
Musk has already shown his lack of appreciation for the SEC, equivalent to the Brazilian Securities and Exchange Commission (CVM). In an interview in December 2018 to the program 60 Minutes, of the American television channel CBS, Musk said that he does not respect the institution. He also went so far as to say that the SEC would practice “abuse.”
After a good year at Tesla, which was valued at $ 100 billion in early 2020, Musk raises concerns of investors again, who see the executive too distracted by his busy life to run the business.
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