Editorial News

Elon Musk’s tweet results in $14 billion loss in value for Tesla

Elon Musk’s rants on Twitter is well known and recently, his series of tweets didn’t go well with the investors.

“Tesla stock price too high, imo” Musk tweeted adding that he wanted to sell all his possessions including his house.

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.”

The Wall Street Journal reported that they asked Musk whether he was joking, he said no.

Shares of Tesla had risen about 85 per cent this year as of Thursday’s close as production has risen and analysts praised the company as well-positioned for an expected transition to electric cars.

But the share price sank 10.3 per cent Friday to close at $701.32 following the latest Twitter outburst.

Related posts

Bhawana Kanth becomes first Woman fighter pilot of India; creates history!

Penbugs

Name change of places in TN: Tuticorin all set to be called Thoothukudi from now

Penbugs

Vishnu Vishal and Jwala Gutta are engaged

Penbugs

CBSE shares Cybersafety handbooks for classes IX to XII

Penbugs

Paytm removed from Google Playstore for violations

Penbugs

Vijay Mallya is not to be extradited soon: Reports

Penbugs

The pain was so consistent: Justin Bieber opens up about being suicidal

Penbugs

What caused the locust outbreak?

Penbugs

ஏசி அல்லாத 200 ரயில்கள் வருகிற ஒன்றாம் தேதி முதல் இயக்கப்படும் – ரயில்வே அமைச்சர்

Kesavan Madumathy

Watch: Woman thrashes Bank Manager for seeking ‘sex for loan’

Penbugs

அயோத்தியில் கட்டப்படும் ஸ்ரீராமர் கோவிலின் சிறப்பம்சங்கள்

Kesavan Madumathy