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Tesla’s stock took a deep plunge only moments after the company’s CEO Elon Musk tweeted that “the price is too high.”
Musk tweeted on Friday that Tesla’s stock price was “too high” and called to “give people back their freedom.” And immediately after, his shares tanked more than 7%.
Tesla stock price is too high imo
— Elon Musk (@elonmusk) May 1, 2020
Now give people back their FREEDOM
— Elon Musk (@elonmusk) May 1, 2020
The stock momentarily rose, but then continued to nosedive. As of this writing, Tesla is trading at 709.26, down 72.61 points — a total of 9.29 percent down from the opening bell.
Musk previously promised to sell “almost all physical possessions” including his house:
I am selling almost all physical possessions. Will own no house.
— Elon Musk (@elonmusk) May 1, 2020
Many have taken to Twitter to address Musk’s posts, or roast the CEO, questioning if he “is okay.”
It’s been asked before, but is @elonmusk okay? #spacetech #tesla pic.twitter.com/XldwcBOyOF
— Daria Solovieva (@dariasolo) May 1, 2020
Didn’t he agree to stop moving markets with his Twitter account the last time he did that?
— Grant Stern (@grantstern) May 1, 2020
Is Elon Musk okay?
— Royalty #StayAtHome (@royaltyuso) May 1, 2020
Also, can @elonmusk please sit down? K thx bye.
— Jeff Nicholas (@_jeffnicholas_) May 1, 2020
@elonmusk hey man, do you want to talk about it? pic.twitter.com/9dE4na9LON
— Lora Kolodny (@lorakolodny) May 1, 2020
You sound like a braggart.
— Black Francis (@MrBlackFrancis) May 1, 2020
a happy meltdown may to you as well
— amy b (@arb) May 1, 2020
crazy times. @elonmusk twitter account seemingly hacked. Sends tweets about $TSLA stock too high. Investors rush to sell #Tesla shares. Chart courtesy of @XTBUK pic.twitter.com/c8LR9AGgvf
— Joshua Raymond (@Josh_RaymondUK) May 1, 2020
Is @elonmusk losing it in real time on Twitter or staging the greatest marketing campaign of 2020?
— Robert Scoble (@Scobleizer) May 1, 2020
Why are you like this
— Conrad Close (@conradclose) May 1, 2020
>@elonmusk said Tesla stock was too high. OK then! It dropped 10%!
— Jake Sherman (@JakeSherman) May 1, 2020
Elon Musk’s “too high” tweet just pushed his massive stock pay day from next Tuesday to next Thursday: https://t.co/cPOUvJJ25J via @bopinion $TSLA pic.twitter.com/zMOpdJYizK
— Liam Denning (@liamdenning) May 1, 2020
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