How did a tweet cost Tesla $14 billion?
Business

How did a tweet cost Tesla $14 billion?

Tesla boss Elon Musk wiped $14bn off the carmaker's value after tweeting its share price was too high. It also knocked $3bn off Mr. Musk's own stake in Tesla as investors promptly bailed out of the company. "Tesla stock price too high imo," he said. On Friday, the Wall Street Journal reported it had asked the billionaire if he was joking about the share price tweet, receiving the reply "No"

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Sat May 02 - BBC

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