Tesla shares fall on Elon Musk ‘stock price too high’ tweet

Tesla shares fall on Elon Musk ‘stock price too high’ tweet

4 years ago
Anonymous $9CO2RSACsf

https://techcrunch.com/2020/05/01/tesla-shares-fall-on-elon-musk-stock-price-too-high-tweet/

Tesla CEO Elon Musk tweeted Friday that the company’s stock price was “too high” in his opinion, immediately sending shares into a free-fall and in possible violation of an agreement reached with the U.S. Securities and Exchange Commission last year.

Tesla shares fell nearly 12% in the half hour following his stock price tweets — just one of many sent out in rapid fire that covered everything from demands to “give people back their freedom” and lines from the U.S. National Anthem to quotes from poet Dylan Thomas and a claim that he will sell all of his possessions.