American billionaire and co-founder of Tesla Elon Musk announced that he will not be on Twitter for some time. In recent days, his comments on this network have influenced the share prices of some companies. Musk, the world’s richest man, has had problems with regulators in the past for commenting on plans for Tesla.
–
Musk informed about 44.8 million followers about the current intention. He announced exactly the same thing to them last June, but he returned after about two days. Musk, who runs the space company SpaceX in addition to Tesla, did not comment further on his recent message on Twitter.
–
Last week, Musk tweeted about the shares of online retailer Etsy, which then set a record. Similarly, his mention of Bitcoins and Dogecoins caused a significant increase in the price of these digital currencies.
–
In August 2018, Musk surprised the financial markets when he wrote on Twitter that he was considering taking over Tesla and withdrawing its shares from public trading. He added that he had secured financing for his purpose and that he would offer for the company’s shares an amount significantly exceeding their then market price. Tesla’s shares strengthened significantly in response. However, Musk later said that he was still negotiating with potential investors and that no agreement had been concluded yet. The shares therefore fell sharply. Investors who bought them after Musk’s first tweet could have had a high loss.
–
Musk then agreed with the US Securities and Exchange Commission to pay a $ 20 million fine, and Tesla paid the same amount on suspicion of market manipulation. Among other things, Musk was forced to resign from the position of Chairman of the Board of Tesla for at least three years. But he could remain CEO.
—
