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posted by Fnord666 on Saturday May 02 2020, @02:20AM   Printer-friendly
from the you've-got-another-fine-comin' dept.

Elon Musk tweet wipes $14bn off Tesla's value:

The tweet also knocked $3bn off Mr Musk's own stake in Tesla as investors promptly bailed out of the company.

"Tesla stock price is too high imo," he said, one of several tweets that included a vow to sell his possessions.

In other tweets, he said his girlfriend was mad at him, while another simply read: "Rage, rage against the dying of the light of consciousness."

In 2018, a tweet about Tesla's future on the New York stock market led to regulators fining him $20m and agreeing to have all further posts on the platform pre-screened by lawyers.

Previously:
(2019-04-27) Elon Musk Reaches Settlement in SEC Tweet Battle
(2018-10-06) Elon Musk Isn't on His Twitter Leash Yet, So He's Taunting the SEC
(2018-09-30) SEC Settlement: Elon Musk Resigns as Chairman of Tesla, Stays as CEO, $40 Million in Fines Paid
(2018-09-28) Elon Musk Accused by SEC of Misleading Investors in August Tweet [Updated]


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  • (Score: 2) by shortscreen on Saturday May 02 2020, @04:23AM (3 children)

    by shortscreen (2252) on Saturday May 02 2020, @04:23AM (#989335) Journal

    A bunch of twitter junkies just sold. Who bought?

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2  
  • (Score: 3, Insightful) by The Mighty Buzzard on Saturday May 02 2020, @04:58AM (2 children)

    The smarter people.

    --
    My rights don't end where your fear begins.
    • (Score: 1, Insightful) by Anonymous Coward on Saturday May 02 2020, @06:24AM (1 child)

      by Anonymous Coward on Saturday May 02 2020, @06:24AM (#989350)

      Not nearly even close.

      • (Score: 0) by Anonymous Coward on Saturday May 02 2020, @03:21PM

        by Anonymous Coward on Saturday May 02 2020, @03:21PM (#989506)

        The taxpayer?