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Musk tweet: price too high - Tesla share falls significantly

2020-05-01T16:53:32.233Z


Tesla boss Elon Musk is known for his quirky statements on Twitter. Now, with a tweet, he shakes his company's stock.


Tesla boss Elon Musk is known for his quirky statements on Twitter. Now, with a tweet, he shakes his company's stock.

New York (dpa) - Tesla boss Elon Musk has put his company under pressure with strange tweets on the stock exchange. Musk wrote that he thought the electric car manufacturer's share price was too high.

In addition, the tech billionaire tweeted, among other things: "I sell almost all physical property" and that he will no longer own a house. As a result, Tesla's share continued to fall and fell temporarily in New York stock exchange trading by around twelve percent.

Musk is known for causing a stir with bizarre Twitter appearances. So far, Tesla's success has had little impact - on Wednesday the company celebrated its longest stretch of profitability since its foundation in 2003 with the third quarterly profit in a row.

Despite the sharp losses since the beginning of the year, the share price has risen by over 80 percent - even though the corona pandemic is putting a heavy burden on the automotive industry.

Musk tweet: "Tesla stock price is too high imo"

Musk tweet: "I am selling almost all physical possessions ...."

Source: merkur

All news articles on 2020-05-01

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