Because of Musk’s tweets, Tesla is losing $ 14 billion

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Electric car maker down 12%

The share price of the company “Tesla” for the electric car industry fell by 12% today, after Elon Musk, the company’s CEO, published several strange tweets on the social networking site “Twitter”, yesterday (Friday), including his saying that the company’s share price on the stock market is overrated. .

Tesla’s share price fell from its highest level during the trading session at approximately $ 770 to $ 690. As reported by the British Broadcasting Corporation, “BBC”, that the company lost about $ 14 billion of its market value due to Musk’s tweet.

Musk had written on Twitter: “Tesla’s stock is too high in my opinion.” Two minutes earlier, he wrote: “When I sell all my tangible property, this means that I will not have a home.”

After that, he wrote a tweet about closing factories to face the new Corona virus (Covid 19), as he affirmed his opinion that the country should be re-opened and abandon the closing procedures, according to German News Agency.

“Give the people their freedom again now,” he wrote on Twitter. He had described some of the closures earlier this week as a “fascist”.

In response to a question from the “Wall Street Journal” whether his tweets yesterday (Friday) were a joke, and whether “Tesla” had agreed to them, Musk replied by e-mail: “No”, according to the newspaper.

Mask’s use of Twitter had raised problems for him from the US regulatory authorities. A lawsuit against him is currently pending for one of his tweets.

The latest batch of controversial billionaire (48 years) tweets came days after Tesla defied expectations and made a profit in the first quarter of this year.

The company «Tesla» recorded a profit of $ 16 million, contrary to analysts ’expectations for the loss.

During the third consecutive quarter of profit making, the company increased sales by 32 percent to nearly six billion dollars. In the same period last year, the company recorded a loss of $ 702 million.

Tesla shut down two major manufacturing plants in Shanghai and the US city of Fremont in March after government pressure over the Coronavirus epidemic.

Tesla Corporation
Electric car industry

Because of Musk’s tweets, Tesla is losing $ 14 billion

Already

The share price of the company “Tesla” for the electric car industry fell by 12% today, after Elon Musk, the company’s CEO, published several strange tweets on the social networking site “Twitter”, yesterday (Friday), including his saying that the company’s share price on the stock market is overrated. .

Tesla’s share price fell from its highest level during the trading session at approximately $ 770 to $ 690. As reported by the British Broadcasting Corporation, “BBC”, that the company lost about $ 14 billion of its market value due to Musk’s tweet.

Musk had written on Twitter: “Tesla’s stock is too high in my opinion.” Two minutes earlier, he wrote: “When I sell all my tangible property, this means that I will not have a home.”

After that, he wrote a tweet about closing factories to face the new Corona virus (Covid 19), as he affirmed his opinion that the country should be re-opened and abandon the closing procedures, according to German News Agency.

“Give the people their freedom again now,” he wrote on Twitter. He had described some of the closures earlier this week as a “fascist”.

In response to a question from the “Wall Street Journal” whether his tweets yesterday (Friday) were a joke, and whether “Tesla” had agreed to them, Musk replied by e-mail: “No”, according to the newspaper.

Mask’s use of Twitter had raised problems for him from the US regulatory authorities. A lawsuit against him is currently pending for one of his tweets.

The latest batch of controversial billionaire (48 years) tweets came days after Tesla defied expectations and made a profit in the first quarter of this year.

The company «Tesla» recorded a profit of $ 16 million, contrary to analysts ’expectations for the loss.

During the third consecutive quarter of profit making, the company increased sales by 32 percent to nearly six billion dollars. In the same period last year, the company recorded a loss of $ 702 million.

Tesla shut down two major manufacturing plants in Shanghai and the US city of Fremont in March after government pressure over the Coronavirus epidemic.

May 02 2020 – 9 Ramadan 1441

01:05 PM


Electric car maker down 12%

The share price of the company “Tesla” for the electric car industry fell by 12% today, after Elon Musk, the company’s CEO, published several strange tweets on the social networking site “Twitter”, yesterday (Friday), including his saying that the company’s share price on the stock market is overrated. .

Tesla’s share price fell from its highest level during the trading session at approximately $ 770 to $ 690. As reported by the British Broadcasting Corporation, “BBC”, that the company lost about $ 14 billion of its market value due to Musk’s tweet.

Musk had written on Twitter: “Tesla’s stock is too high in my opinion.” Two minutes earlier, he wrote: “When I sell all my tangible property, this means that I will not have a home.”

After that, he wrote a tweet about closing factories to face the new Corona virus (Covid 19), as he affirmed his opinion that the country should be re-opened and abandon the closing procedures, according to German News Agency.

“Give the people their freedom again now,” he wrote on Twitter. He had described some of the closures earlier this week as a “fascist”.

In response to a question from the “Wall Street Journal” whether his tweets yesterday (Friday) were a joke, and whether “Tesla” had agreed to them, Musk replied by e-mail: “No”, according to the newspaper.

Mask’s use of Twitter had raised problems for him from the US regulatory authorities. A lawsuit against him is currently pending for one of his tweets.

The latest batch of controversial billionaire (48 years) tweets came days after Tesla defied expectations and made a profit in the first quarter of this year.

The company «Tesla» recorded a profit of $ 16 million, contrary to analysts ’expectations for the loss.

During the third consecutive quarter of profit making, the company increased sales by 32 percent to nearly six billion dollars. In the same period last year, the company recorded a loss of $ 702 million.

Tesla shut down two major manufacturing plants in Shanghai and the US city of Fremont in March after government pressure over the Coronavirus epidemic.





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