The actions of Tesla they have fallen more than 13% a few minutes after what Elon musk, CEO of the company will post on Twitter that “the price is very high”. Remember the debacle that caused in 2018 and that ended up costing a lawsuit with the Securities and Exchange Commission (SEC) and a $ 40 million fine.
Tesla stock price is too high imo
– Elon Musk (@elonmusk) May 1, 2020
The tweet simply says that “Tesla’s stock is very high in his opinion,” along with others that he claims will sell almost all of his possessions, including his home. He also insisted again on the reopening of the economy and then started singing some parts of the American anthem.
Although the stock has fallen 20% after Musk’s tweets, it is still 65% higher than in May 2019. It is not the first time that he has made those kinds of public statements. In December he said something similar when he exceeded $ 420, a reference to the tweet that cost him the lawsuit in 2018.
This may cost you a new problem with the Securities and Exchange CommissionSince, as part of the out-of-court settlement, you cannot publish anything regarding the company’s financial conditions, vehicle production or sales numbers, or economic projections without prior approval.
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