Elon Musk wiped $14bn (£11bn) off Tesla’s value after tweeting Tesla stock price is too high imo. It made Tesla Inc.’s stock plunging by as much as 13% on Friday, a $14 billion or so.
Tesla Inc. CEO and Space X owner, Elon Musk took the internet by posting on Twitter that he would sell “almost all physical possessions” including his own home. Musk also confused the internet users, but it also led someone of them to believe “he’s drunk”.He has not clarified the context any tweet he made, but Musk then posted that his girlfriend, musician Grimes is mad at him to which she reacted “omg” in the tweet he made. Musk then again replied to her by saying “haha”. These couples were exactly playing the internet when share holders are Tesla are confused after the share prices were went down.
On Friday, the Wall Street Journal reported it had asked the Musk if he was joking about the share price tweet receiving the reply “No”.In 2018, Musk tweeted that he may secure funding to possibly remove Tesla Inc from the stock market and take it private, which again led to swings in the share price.
Tesla’s market market valuation was worth around $141 billion before the first tweet and it nearly went to $127 billion.
Tesla stock price is too high imo— Elon Musk (@elonmusk) May 1, 2020
My gf @Grimezsz is mad at me— Elon Musk (@elonmusk) May 1, 2020