Tesla Shares Tank By 8% As Musk Tweets Price Is “Too High”
https://wccftech.com/tesla-shares-tank-elon-tweet/
Electric vehicle and renewable energy products manufacturer Tesla Inc (NASDAQ:TSLA) released its earnings results for the first quarter of the fiscal year 2020 earlier this week. The company posted positive net income despite the majority of Wall Street analysts betting against it, and as a result, its stock price jumped in aftermarket trading. Since Tesla posted its earnings on the 29th of April, the company's share price jumped from $800/share on the close of trading that day to $855/share on trading open on the next day.
Perhaps after keeping this jump in mind, Tesla's chief executive officer Mr. Elon Musk took to Twitter today to comment on the company's share price. In a series of tweets that ranged from the executive commenting on the current lockdown to the fact that he believes that Tesla's share price is too high.