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Elon Musk Tweet Wipes $14bn Off Tesla's Value

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

upstart writes in with an IRC submission for carny:

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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Original Submission

• The Musk factor (Score: 5, Insightful) by looorg on Saturday May 02 2020, @12:39PM

  by looorg (578) on Saturday May 02 2020, @12:39PM (#989435)

  So what? Isn't a large chunk of the "company value" also just based on Musk being Musk? If it had not been for him personally, and his outspokenness, the value of the company would probably have been a lot lower -- if the company had even existed since it appears most of them are just giant ego-projects to fulfill various dreams of Elon.

  Starting Score:	1		point
  Moderation		+3
  Insightful=2, Interesting=1, Total=3
  Extra 'Insightful' Modifier		0
  Karma-Bonus Modifier		+1
  Total Score:		5