He thinks his company’s stock is overvalued, the entrepreneur wrote on Twitter. The cure then fell significantly.
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He is known for eccentric statements: Elon Musk, CEO of Tesla and SpaceX.
Photo: Keystone
Tesla boss Elon Musk has put his company under pressure with strange tweets on the stock exchange. Musk wrote on Friday that he thought the electric car maker’s share price was too high. In addition, the tech billionaire tweeted, among other things: “I sell almost all physical property and will no longer own a house.” Thereafter, the Tesla share went into the red and fell temporarily in New York stock exchange trading by around twelve percent. According to the British BBC, the announcements cost the automaker $ 14 billion. According to the BBC, his own stake in the company may have been worth 3 billion less after the market closed.
Musk is known for causing a stir with bizarre Twitter appearances. So far, Tesla’s success has done little to stop it – on Wednesday, the company celebrated its longest stretch of profitability since it was founded in 2003 with its third quarterly profit in a row. The share price has risen by over 80 percent since the beginning of the year despite the heavy losses on Friday – although the corona pandemic is severely impacting the automotive industry.
(SDA)
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