Tesla Falls as Musk Says Stock Too High in 2018-Style Tweets [Yahoo! Finance News]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance News
) -- Tesla Inc. shares plunged after Chief Executive Officer Elon Musk said the electric-car maker’s stock is too high in a stream of tweets reminiscent of the posts that securities regulators sued him over in 2018.The billionaire said in a separate post that he’s selling “almost all” of his physical possessions and won’t own a house. He also renewed his call for reopening the economy and then recited parts of the “Star Spangled Banner.”Tesla shares fell as much as 13% in New York trading. The stock is still up about 70% for the year, an advance that’s put him in position to meet the final performance threshold he needs to receive stock options that would yield a windfall of about $730 million.Read More: Musk Is on the Cusp of Getting a $730 Million Award“We view these comments as tongue-in-cheek and it’s Elon being Elon,” Dan Ives, a Wedbush Securities analyst with the equivalent of a hold rating on Tesla, said in an email. “It’s certainty a headache for investors for him to venture
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- 11/10/25 - Form SCHEDULE
- 11/10/25 - Form 4
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