Shares of Tesla tumbled following a tweet from Chief Executive Elon Musk’s Twitter account that the electric car maker’s recently high-flying stock is overly expensive
) tumbled 10% on Friday following a tweet from Chief Executive Elon Musk’s Twitter account that the electric car maker’s recently high-flying stock is overly expensive.
The tweet was one of several unusual messages, including ones quoting parts of the U.S. national anthem and that he would sell almost all his physical possessions, raising questions about whether Musk’s account was compromised.Reuters could not immediately verify whether Musk sent the tweet. Tesla and Twitter did not immediately respond to requests for comment about whether Musk’s account had been hacked.
Tesla’s stock has surged in recent weeks, but is down since Wednesday when the company reported an unexpected quarterly profit, despite manufacturing interruptions caused by the coronavirus pandemic.Musk’s latest tweets follow others this week, as well as comments on Tesla’s quarterly conference call on Wednesday, criticizing the California government’s stay-at-home orders, which have forced him to shut Tesla’s plant in Fremont, California.
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