Tesla shares tank after Elon Musk tweets the stock price is 'too high' [CNBC]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: CNBC
Shares ofTeslaElon MuskThe company just days before reported astrong quarterMusk has had problems with the SEC for tweeting about the company's stock in the past. Musk has sinceagreed to submitwanted to take Tesla private at $420 per sharereportedly repliedVIDEO1:5501:55Tesla shares drop after Elon Musk tweets 'stock price is too high'Squawk AlleyTesla is in the midst of defending itself in a significant volume of shareholder and other lawsuits. A federal judge decided in early April that Tesla and Musk have to face suit over his infamous $420 tweets. Shareholders claim that Tesla misled them when Musk said on Twitter in 2018 that he was considering taking Tesla private for $420 per share, and had secured funding for the transaction. Shares skyrocketed, trading was halted and volatility followed.In January, all board directors of Tesla besides Elon Musk settled a shareholder lawsuit over the company's $2.6 billion acquisition of SolarCity in 2016. They paid $60 million for their part
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