Elon Musk’s ‘Weird’ Tweets Cost Tesla A Total Of $14 Billion

Billionaire Elon Musk posted a series of ‘weird’ Tweets yesterday, which apparently, has resulted in a huge loss for his company Tesla. While before Musk’s Tweets, Tesla’s market evaluation stood at $141 Billion , after the barrage, Tesla’s evaluation fell to $133 Billion and even down.

Elon Musk’s Tweets

Elon Musk spoke on a variety of topics, although the one where he mentioned that he would give up all his “physical belongings” and devote his time to Mars and Earth caught the attention of many. In this Twitter thread, Elon Musk replied to many questions on the handle and all these answers were weird too. Here are some of the Tweets posted by the former Tesla Chairman:


In particular, Elon Musk’s Tweet about Tesla’s stock price has cost the company dearly. It is said that the stock price of the company went down 9% with this Tweet. Also, when one of the user asked him about his promise of delivering ventilators to California, he said: “It is frustrating cause I have almost all my savings invested in Tesla and I’m not some rich guy. He doesn’t recognize this also hurts the small folks. I wish he’d just delete twitter at this point.

Musk must take permission to post regarding Tesla

Based on the incident in 2018 when he posted about Tesla ‘going private’, Elon had to bear many losses including the post of the Chairman of the company. At that time, an agreement was made such that Elon Musk would have to take approval before tweeting anything about Tesla on his social media handles. However, based on Friday’s tweets, it is apparent that this step was skipped somewhere in the process.

Source: Free Press Journal