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Nairaland Forum / Science/Technology / Elon Musk Tweet Wipes $14bn Off Tesla's Value (626 Views)
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Elon Musk Tweet Wipes $14bn Off Tesla's Value by nairatag: 11:40am On May 02, 2020 |
Tesla boss Elon Musk wiped $14bn (£11bn) 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, one of several tweets that included a vow to sell his possessions. In other tweets, he said his girlfriend was mad at him, while another simply read: "Rage, rage against the dying of the light of consciousness." |
Re: Elon Musk Tweet Wipes $14bn Off Tesla's Value by nairatag: 11:41am On May 02, 2020 |
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Re: Elon Musk Tweet Wipes $14bn Off Tesla's Value by nairatag: 11:42am On May 02, 2020 |
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Re: Elon Musk Tweet Wipes $14bn Off Tesla's Value by lordm(m): 11:43am On May 02, 2020 |
That's why its good to think before you talk 1 Like |
Re: Elon Musk Tweet Wipes $14bn Off Tesla's Value by olamidedivotee: 11:44am On May 02, 2020 |
This one is not good o |
Re: Elon Musk Tweet Wipes $14bn Off Tesla's Value by nairatag: 11:44am On May 02, 2020 |
lordm: Exactly. Investors bailed out asap because of his tweets |
Re: Elon Musk Tweet Wipes $14bn Off Tesla's Value by nairatag: 11:44am On May 02, 2020 |
olamidedivotee: Very bad bad |
Re: Elon Musk Tweet Wipes $14bn Off Tesla's Value by Nobody: 11:49am On May 02, 2020 |
Smart move. GUESS WHO BOUGHT THE SHARES THAT WERE DUMPED? ELON Musk. 1 Like |
Re: Elon Musk Tweet Wipes $14bn Off Tesla's Value by BigTableShaker(f): 11:50am On May 02, 2020 |
He knows what he's doing. He wants all of the to ball out now and the stock will double rise, then they will rush back for the inflated price and Elon makes the money. 1 Like |
Re: Elon Musk Tweet Wipes $14bn Off Tesla's Value by thesicilian: 11:52am On May 02, 2020 |
BigTableShaker:It's amazing how we always think that the people we adore or look up to always know what they are doing no matter how stupid, but never hesitate to criticize others when they do the same thing. |
Re: Elon Musk Tweet Wipes $14bn Off Tesla's Value by Nobody: 11:55am On May 02, 2020 |
topcatking:You're very wise 1 Like |
Re: Elon Musk Tweet Wipes $14bn Off Tesla's Value by nairatag: 11:56am On May 02, 2020 |
BigTableShaker: Wise |
Re: Elon Musk Tweet Wipes $14bn Off Tesla's Value by bigiyaro(m): 12:02pm On May 02, 2020 |
foolish investors. |
Re: Elon Musk Tweet Wipes $14bn Off Tesla's Value by BigTableShaker(f): 6:29pm On May 02, 2020 |
thesicilian:We jus have to take it with faith. |
Re: Elon Musk Tweet Wipes $14bn Off Tesla's Value by Nobody: 9:07pm On May 02, 2020 |
thesicilian: Well... You might have a point (although I can't readily think of others that we might have criticized) but here's the thing. Elon built 2 multi billion dollar (blue chip) companies from scratch (asides his earlier businesses). I'd like to believe that someone that has made decisions at such levels over the years knows exactly what he's doing when he tweets what might look like crap to others. Besides, remember that spacex and tesla are in no way hurt by pandemic. (econo-wise) rather, stock value jumped when crude prices tanked. So.. The dude knows exactly what he did. |
Re: Elon Musk Tweet Wipes $14bn Off Tesla's Value by thesicilian: 10:43pm On May 02, 2020 |
topcatking:Elon Musk is one of the smartest, most intelligent people I know. I respect the guy. Let's hope sha, that the tweet was not as a result of binge drinking Though I guess it's much more likely, like you said, that he knows what he's doing. |
Re: Elon Musk Tweet Wipes $14bn Off Tesla's Value by thesicilian: 10:45pm On May 02, 2020 |
BigTableShaker:Abi o, what else can we do? |
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