Elon Musk's 'Tesla stock price is too high' tweet shaves off $13 billion from firm value; $3 bn his own
Elon Musk's 'Tesla stock price is too high' tweet shaves off $13 billion from firm value; $3 bn his own
The subsequent share drop erased around $13 billion from Tesla's market value and nearly $3 billion from the value of Musk's stake. Still, shares remain up almost 50% from the start of April
Reuters
- May 2, 2020,
- Updated May 2, 2020 11:37 PM IST
Shares of Tesla Inc tumbled 9% on Friday after Chief Executive Officer Elon Musk tweeted that the electric carmaker's high-flying stock was overly expensive.
"Tesla stock price is too high," Musk said on Twitter in one of several unusual messages, including ones quoting parts of the U.S. national anthem and that he would sell almost all his physical possessions.
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Shares of Tesla Inc tumbled 9% on Friday after Chief Executive Officer Elon Musk tweeted that the electric carmaker's high-flying stock was overly expensive.
"Tesla stock price is too high," Musk said on Twitter in one of several unusual messages, including ones quoting parts of the U.S. national anthem and that he would sell almost all his physical possessions.
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