Quote:
Originally Posted by wormgob
Confucius say: “Don’t drop LSD while on Twitter”
Elon Musk wipes $15 billion off Tesla’s valuation by tweeting that Tesla’s stock shares are ‘too high’
Tesla shares extended losses after his tweets on May 1st and fell more than 10% of value
Tesla ended the trading day with a market cap around $130 billion having lost $15 billion from the previous day’s close
Musk’s Twitter thread on May 1st continued with the CEO tweeting parts of the Star Spangled Banner and professing to focus on Mars rather than needing earthly possessions
https://www.marketwatch.com/story/el...igh-2020-05-01 |
You notice he keeps his tweets short. Can't you see what happened here? As soon as he caused a big drop, no doubt he soaked up a bundle of additional shares. Also if you saw he has a partner who just delivered him a new baby, maybe his 6th. They are not married. He learned. Tesla is up about 200% over last year but his production is ramping up more. With his SEC deal you would think he'd stay under the radar. That's not him. Late news heard that CA plant got things ironed out to operate.