Homemarket Newsstocks News

    Elon Musk tweets Tesla share price is 'too high' and stock tanks; posts more 'bizarre' comments

    Elon Musk tweets Tesla share price is 'too high' and stock tanks; posts more 'bizarre' comments

    Elon Musk tweets Tesla share price is 'too high' and stock tanks; posts more 'bizarre' comments
    Profile image

    By CNBCTV18.com  IST (Updated)

    Mini

    The American vehicle manufacturer’s stock was trading at 760.23, but tanked after Musk tweeted and then fell to a session low of 717.64, before declining further.

    Tesla shares fell by over 12 percent on May 1, after CEO Elon Musk tweeted that in his opinion his company’s shares were priced “too high”.
    According to CNBC.com, the company announced a strong quarter recently, which boosted shares. The American vehicle manufacturer’s stock was trading at 760.23, but tanked after Musk tweeted and then fell to a session low of 717.64, before declining further.
    Following the stock tweet, the Telsa CEO sent out more tweets that many found bizarre.
    In one of the tweets, Musk said, “selling almost all physical possessions” and to give people back their freedom, presumably referring to shelter-in-place orders. He also shared the lyrics of the Star Spangled Banner.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    arrow down

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng