Elon Musk knocks US$14bn off Tesla market value

Elon Musk knocks US$14bn off Tesla market value

By Naveel Krishant
Saturday 02/05/2020
Elon Musk. [image: BBC]

Tesla's founder Elon Musk wiped US$14bn off its value after tweeting its share price was too high in his opinion.

The tweet also knocked US$3bn off Musk's own stake in Tesla as investors promptly bailed out of the company.

"Tesla stock price is too high imo," he said, one of several tweets that included a vow to sell his possessions.

In other tweets, he said his girlfriend was mad at him, while another simply read: "Rage, rage against the dying of the light of consciousness."

In 2018, a tweet about Tesla's future on the New York stock market led to regulators fining him US$20m and agreeing to have all further posts on the platform pre-screened by lawyers.

[Source:  BBC]

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