In Might final 12 months, Tesla founder and CEO Elon Musk posted a tweet about Tesla inventory value being excessive and in addition him promoting off all his private possessions.This price him USD 14 billion from his valuation in a couple of hours. With that tweet, Tesla share value dropped by greater than 10 per cent, although the share rebounded inside every week.
In one other situation, he led to bother with the US Securities and Change Fee when he mentioned he needed to take Tesla personal at USD 420 per share and that he had secured the funding to take action. This was an episode in August 2018. It not solely price him and Tesla to pay up USD 40 million in penalty (USD 20 million every), but additionally the submit of .
However since then what has Elon Musk learnt…
He could have learnt that he has the ability to submit a tweet and get traders to dump or purchase shares. The one distinction is now he doesn’t let you know concerning the inventory immediately however in a manner which traders need to be sensible sufficient to choose up…
However seems like he realised his energy to affect after the Sign episode, when he suggested his followers to make use of Sign. Since then, he has been repeatedly tweeting about different listed corporations.
