{"id":34710,"date":"2020-05-02T04:45:30","date_gmt":"2020-05-01T23:15:30","guid":{"rendered":"http:\/\/officechai.com\/?p=34710"},"modified":"2020-05-02T04:45:30","modified_gmt":"2020-05-01T23:15:30","slug":"teslas-stock-crashes-10-elon-musk-tweets-price-high","status":"publish","type":"post","link":"https:\/\/officechai.com\/startups\/teslas-stock-crashes-10-elon-musk-tweets-price-high\/","title":{"rendered":"Tesla&#8217;s Stock Crashes 10% After Elon Musk Tweets That Its Price Is &#8220;Too High&#8221;"},"content":{"rendered":"<p><span style=\"font-size: 12pt; color: #000000;\">Elon Musk has been tweeting again.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">Elon Musk unleashed a &#8212; even by his standards &#8212; bizarre tweetstorm yesterday, in which he claimed that Tesla&#8217;s stock price was too high. Musk&#8217;s wild ride on Twitter began when he first tweeted that he was selling all of his possessions. &#8220;I am selling almost all physical possessions. Will own no house,&#8221; he declared.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I am selling almost all physical possessions. Will own no house.<\/p>\n<p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1256239554148724737?ref_src=twsrc%5Etfw\">May 1, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">A minute later, he came up with this bombshell. &#8220;Tesla stock price is too high imo (in my opinion),&#8221; he wrote.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Tesla stock price is too high imo<\/p>\n<p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1256239815256797184?ref_src=twsrc%5Etfw\">May 1, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">But the night was just getting started for Musk. &#8220;Now give people back their FREEDOM,&#8221; he thundered four minutes later, an apparent reference to his tweets from the day before, in which he&#8217;d implied that government lock-downs that prevented people from leaving their own homes were tantamount to fascism.<\/span><\/p>\n<div class=\"TweetInfo\"><span style=\"font-size: 12pt; color: #000000;\">\u00a0<\/span><\/div>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Now give people back their FREEDOM<\/p>\n<p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1256240766600409088?ref_src=twsrc%5Etfw\">May 1, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">Around 10 minutes later, Musk began tweeting the lyrics of the Star Spangled Banner, the American national anthem.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Gave proof through the night that our flag was still there<\/p>\n<p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1256244019924877313?ref_src=twsrc%5Etfw\">May 1, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">O&#39;er the land of the free and the home of the brave?<\/p>\n<p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1256244646616788992?ref_src=twsrc%5Etfw\">May 1, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">A little while later, he tweeted that his girlfriend, the singer <span style=\"color: #33cccc;\"><a style=\"color: #33cccc;\" href=\"http:\/\/officechai.com\/stories\/elon-musk-dating-grimes\/\">Grimes<\/a><\/span>, was &#8220;mad&#8221; at him. Elon Musk said that he and Grimes were expecting their first child on Monday.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">My gf <a href=\"https:\/\/twitter.com\/Grimezsz?ref_src=twsrc%5Etfw\">@Grimezsz<\/a> is mad at me<\/p>\n<p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1256256494447636480?ref_src=twsrc%5Etfw\">May 1, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">Now amidst this apparent trainwreck, that can perhaps be put down to Musk being &#8220;too high&#8221;, was a tweet with real-world implications: Musk had said that the price of the Tesla stock was too high. For an executive to make a public assertion of this nature is extraordinary, and Tesla&#8217;s stock price promptly crashed 10 percent.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\"><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-large wp-image-34711\" src=\"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2020\/05\/EW8e9uQWoAAJqK8.jpg?resize=640%2C661\" alt=\"tesla stock price crashes after elon musk tweet\" width=\"640\" height=\"661\" srcset=\"https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2020\/05\/EW8e9uQWoAAJqK8.jpg?resize=992%2C1024&amp;ssl=1 992w, https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2020\/05\/EW8e9uQWoAAJqK8.jpg?resize=291%2C300&amp;ssl=1 291w, https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2020\/05\/EW8e9uQWoAAJqK8.jpg?resize=768%2C793&amp;ssl=1 768w, https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2020\/05\/EW8e9uQWoAAJqK8.jpg?resize=500%2C516&amp;ssl=1 500w, https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2020\/05\/EW8e9uQWoAAJqK8.jpg?resize=600%2C619&amp;ssl=1 600w, https:\/\/i0.wp.com\/officechai.com\/wp-content\/uploads\/2020\/05\/EW8e9uQWoAAJqK8.jpg?w=1080&amp;ssl=1 1080w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">Soon enough, the jokes and the memes began. Some people who held Tesla shares began tweeting to Musk saying that they&#8217;d lost money because of his tweets.\u00a0<\/span><\/p>\n<p>https:\/\/twitter.com\/thampi_sree\/status\/1256290550677827585?s=20<\/p>\n<p>https:\/\/twitter.com\/ladyedlynne\/status\/1256348430718377987?s=20<\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">Other people wondered what had caused Musk to tweet what he did.<\/span><\/p>\n<p>https:\/\/twitter.com\/KamelyaKizar\/status\/1256343588558057472?s=20<\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">While others wondered what the repercussions of the tweet would be.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Elon Musk\u2019s attorneys today&#8230; <a href=\"https:\/\/t.co\/ycz4UjPqZs\">pic.twitter.com\/ycz4UjPqZs<\/a><\/p>\n<p>&mdash; Douglas A. Boneparth (@dougboneparth) <a href=\"https:\/\/twitter.com\/dougboneparth\/status\/1256352789363601410?ref_src=twsrc%5Etfw\">May 1, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">Musk is no stranger to getting into trouble because of his tweeting. In 2018, Elon Musk had, out of the blue, <a href=\"https:\/\/officechai.com\/startups\/elon-musk-tesla-private-tweet\/\"><span style=\"color: #33cccc;\">tweeted<\/span> <\/a>that he was planning to take Tesla public at a stock price of $420, and claimed that the funding was secured. As a result, Tesla&#8217;s stock had immediately jumped, but Musk had gotten into trouble with the SEC for intentionally manipulating a stock price &#8212; it later transpired that the funding wasn&#8217;t quite as secured as he&#8217;d implied. Musk had been sued by several people, and had ended up being fined $20 million, and had been <a style=\"color: #000000;\" href=\"https:\/\/officechai.com\/startups\/elon-musk-resigns-teslas-chairman-pays-rs-150-crore-fine-funding-secured-tweet\/\"><span style=\"color: #33cccc;\">stripped<\/span> <\/a>of the position of\u00a0 Tesla Chairman.<\/span><\/p>\n<p><span style=\"font-size: 12pt; color: #000000;\">Musk, though, has tweeted again, and there&#8217;s no telling where his latest escapade will land him. Tesla has already lost $14 billion in value since his tweet, and the SEC would also presumably be looking into the matter. Musk is a already a once-in-a-generation entrepreneur, and he&#8217;s now showing that he comes with once-in-a-generation eccentricities as well.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk has been tweeting again. Elon Musk unleashed a &#8212; even by his standards &#8212; bizarre tweetstorm yesterday, in which he claimed&#8230;<\/p>\n","protected":false},"author":1,"featured_media":34712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[254,46],"tags":[],"class_list":["post-34710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startups","category-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tesla&#039;s Stock Crashes 10% After Elon Musk Tweets That Its Price Is &quot;Too High&quot;<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/officechai.com\/startups\/teslas-stock-crashes-10-elon-musk-tweets-price-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla&#039;s Stock Crashes 10% After Elon Musk Tweets That Its Price Is &quot;Too High&quot;\" \/>\n<meta property=\"og:description\" content=\"Elon Musk has been tweeting again. 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