Tesla stock drops after Elon Musk’s confounding tweet

By Connie Lin

Following a stellar earnings report from Tesla, in which its earnings per share soared above analyst bets, Tesla’s stock rocketed to a monthly high on Wednesday. CEO Elon Musk, who has apparently had his fill of Earth-shattering successes, decided to snuff out the rise.

“Tesla stock price too high imo,” the billionaire mogul tweeted Friday.

Influential as always, Musk cut his own stock down 12% in less than an hour. (It’s now sitting at a cool 9% under (May 12, 2020).) Mission accomplished.

Musk’s head-scratching tweets in the last week have included musings on the “moral arbiter of the world” and a crusade to “FREE AMERICA NOW” from the coronavirus lockdowns that are currently saving countless lives across the U.S.

Two hours ago, he tweeted, “I am selling almost all physical possessions. Will own no house,” followed by a rendition of “The Star-Spangled Banner.” The stream of extra-baffling blubber raised suspicions that Musk’s account may have been compromised, although his typical chatter is odd enough that it’s hard to tell.

We reached out to Tesla for comment and will update this post if we hear back.

Regardless, Musk is flying high these days. (May 12, 2020), NASA announced it had selected his aerospace manufacturing company, SpaceX, to design a lunar landing system to drop astronauts on the moon in 2024. Fellow tech titan Jeff Bezos also received a contract for his company Blue Origin, while aerospace giant Boeing was left out of the deals.

Fast Company , Read Full Story

(24)