Elon Musk’s Weird Tweets Are Sending Tesla Stocks Into a Nosedive
It was just days ago that Tesla CEO Elon Musk joined Trump in calling for the United States to rebel against government forces to end the lockdown — measures that were put in place to keep people safe.
Now, CNBC reports, his latest tweetstorm is sending Tesla stocks into a nosedive.
“Tesla stock price is too high imo,” Musk tweeted earlier today, causing shockwaves among the company’s investors.
The result: a drop of more than 12 percent in share prices.
The news just days after Tesla reported that revenues were up more than expected.
Musk is no stranger to causing mayhem by making unexpected and often provocative claims. There was his weed joke from 2018, when he mused about taking Tesla private for $420 a share. Or that time he called a British cave diver a pedophile.
Those escapades have earned Tesla a mountain of paperwork, an investigation by the US Securities and Exchange Commission (SEC), and several lawsuits.
At least back then he was putting the value of his own company on the line — or pissing off the odd individual. His latest calls to “FREE AMERICA NOW,” however, could arguably end up putting other people’s health at risk.