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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]
(Score: 3, Insightful) by negrace on Saturday May 02 2020, @12:10PM (5 children)
Most likely he was on coke. Local rumours say it was coke + adderall.
Not the first time.
Listen to the last quarterly earnings call. He does sound like a habitual drug user, worse than a few years ago.
(Score: 0) by Anonymous Coward on Saturday May 02 2020, @12:55PM (2 children)
Local rumours? Did Azealia Banks not get offered any LSD again?
(Score: 0) by Anonymous Coward on Saturday May 02 2020, @01:55PM (1 child)
Who? And why should I care?
(Score: 0) by Anonymous Coward on Saturday May 02 2020, @02:24PM
Good question. Next story, please.
(Score: 0) by Anonymous Coward on Saturday May 02 2020, @02:14PM (1 child)
It has been a long time since the guy has spent some time away from it all. This may be true, may not be. But he does appear to be coming apart at the seams a little. He should take some time away from work.
Another possibility, is he is looking for an excuse to leave Tesla, and would rather get the boot, than quit.
Yet another possibility, is that the stock is being used for douchebag gladiator games courtesy of a bunch of mobbed up brokerages again, and he is looking to normalize the curve before the dump. Maybe encourage them to leave his company out of their games for a little while. Personally I'm all for this options. Anything that puts brokers in the poor house, I'm for.
Fourth possibility is his account was hacked.
If the automakers get bailed out again, it would be sensible to use this opportunity for an electric car mandate like the one done by California in the 90's. In that case, Tesla would be positioned as a market leader. If the U.S. wants to throw of its Saudi shackles, this is the time to do it. Might be worth sending a letter to your favourite Congress Critter.
(Score: 2, Informative) by Ethanol-fueled on Saturday May 02 2020, @03:10PM
Sounds like he's embraced the Kim Jong Un principle that so many other of America's desperate celebrities have embraced: When something like a pandemic gets all the attention, you do something stupid and clownish to try to earn some of that attention back. Musk's dumb tweets, contrived "fake death" hysteria of Kim Jong Un (before he just threatened a missile launch when the world stopped paying attention to him for a month or so), or the just generally pathetic "please pay attention to me" instagram vids a lot of dumb American celebrities are making.
With honest striptease camwhoring there's at least the opportunity to make money.