Stepping up his Twitter game, Tesla CEO Elon Musk tweeted that the company’s stock was “too high”.
Tesla stock price is too high imo
— Elon Musk (@elonmusk) May 1, 2020
The controversial tweet not only brought the electric car maker’s value down by $14 billion but also knocked off Musk’s own stake ($3 billion) in Tesla.
After the tweet, Tesla’s stock took a sharp nosedive by over 8%.
In a series of other tweets, Elon, who is known for his outspoken comments, said he was “selling almost all physical possessions” and “will own no house”.
I am selling almost all physical possessions. Will own no house.
— Elon Musk (@elonmusk) May 1, 2020
“We view these Musk comments as tongue in cheek and it’s Elon being Elon. It’s certainly a headache for investors for him to venture into this area as his tweeting remains a hot button issue and [Wall] Street clearly is frustrated,” Wedbush Securities analyst Daniel Ives told Reuters news agency.
Reportedly, he may lose his job as CEO of the electric car maker after his bizarre tweet.
Earlier in August 2018, one of his notorious tweets cost him his role as Chairman.
