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Elon Musk tweet wipes $14bn off Tesla's value
Tesla's founder Elon Musk wiped $14bn off its value after tweeting its share price was too high in his opinion. The tweet also knocked $3bn off Mr Musk's own stake in Tesla as investors promptly bailed out of the company. "Tesla stock price is too high imo," he said, one of several tweets that included a vow to sell his possessions. In 2018, another tweet about Tesla led to regulators fining him $20m and agreeing to have all further posts on the platform pre-screened by lawyers. The Wall Street Journal reported it had asked the billionaire if he was joking with the latest tweet and whether it had been vetted, ... (full story)
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