One Tweet By Elon Musk Just Wiped Rs 1 Lakh Crore From Tesla's Market Value!
Click here to find out how an online rant by Elon Musk cost the stocks of the company to plummet within minutes.
Elon Musk seems to be one of those people in America who are ¡®losing it¡¯ in the face of global pandemic and coronavirus lockdown.
He is being his more-than-usual chaotic self on Twitter, making people wonder if his account has been hacked.
I am selling almost all physical possessions. Will own no house.
¡ª Elon Musk (@elonmusk) May 1, 2020
In the past few days he has joined the ¡®Free America¡¯ bandwagon and called the lockdown a ¡®fascist¡¯ move. Initially, he had rubbished the panic around coronavirus, then he came forward to help, now he wants ¡®liberation¡¯. Musk really does not seem to be having a good time and its repercussions are being faced by Tesla investors.
FREE AMERICA NOW
¡ª Elon Musk (@elonmusk) April 29, 2020
In a single night. he declared he is getting rid of almost all his physical possessions and how he believes Tesla stock prices are too high- the result was a sharp plummet in the stock of the electric car company in a matter of minutes. This one tweet resulted in a loss of $14 billion (Approx Rs 1 lakh crore) in value for Tesla.
Tesla stock price is too high imo
¡ª Elon Musk (@elonmusk) May 1, 2020
Apart from wondering ¡®what the hell (apart from usual) is wrong with Elon Musk?¡¯, Tesla investors do not seem to be very thrilled and on onboard with his online outbreaks and adventures.
Holy crap. How did @elonmusk time this stock call so well? He nailed it almost to the second. (Chart via @lorcanrk) pic.twitter.com/Bu1pRfzzuO
¡ª Joe Weisenthal (@TheStalwart) May 1, 2020
This is how some people reacted to his tweetstorm on Friday- while some said they lost a huge amount of money, others believed ¡®Elon Musk has been hacked¡¯.
Dude...I just lost $10k because of this tweet. Wtf is wrong with u
¡ª Elvis (@TradeLikeElvis) May 1, 2020
Elon¡¯s been hacked pic.twitter.com/NErauO0T5a
¡ª Stephen A. Smith Burner (@SASBurnerAcct) May 1, 2020
¡ª leveredlloyd (@leveredlloyd) May 1, 2020
Tesla $TSLA currently -9.3% in the $709s. pic.twitter.com/7sBUcZN4eU
¡ª Permabear Doomster (@permabear_uk) May 1, 2020
¡ª Abner Zhang (@AbnerZhang5) May 1, 2020
SEC be like... pic.twitter.com/yBme700L2K
¡ª Crypto Rand (@crypto_rand) May 1, 2020
You know what else is way too high? pic.twitter.com/fLUuMKzKFC
¡ª Fabian Mario Doehla (@fabiandoehla) May 1, 2020
This is not the first time the Tesla company owner has manipulated stock prices. The last time he did so, he got in trouble with Securities and Exchange Commission.
Will the real Elon Musk please stand up and clarify what exactly is happening?
Fb Image Credit: AFP
