Tesla stock tanks after Musk tweets price is 'too high' [CNNMoney.com]
Tesla, Inc. (TSLA)
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Source: CNNMoney.com
Tesla stock tanks after Musk tweets price is 'too high' New York (CNN Bueiness) Tesla's stock price dropped sharply Friday, minutes after CEO Elon Musk tweeted "Tesla stock price is too high, IMO." Tesla's stock had been trading at about $760 a share then, after Musk's 11:11 am Tweet, plummeted to below $700 a share within minutes before rebounding slightly. By midday, the stock was down 8%. The tweet came amidst a string of tweets starting with an announcement that he was "Selling almost all my physical possessions" and "Will own no house," followed by lyrics from the US national anthem and another tweet indicating that his girlfriend, pop singer Grimes, "is mad at me." Tesla stock price is too high imo — Elon Musk (@elonmusk) May 1, 2020 After the stock price tweet, he then tweeted "Now give people back their FREEDOM," an apparent reference to coronavirus lockdowns that Musk has long protested. In October 2018, Musked reached an agreement with the SEC t
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