‘Tesla Stock Price Is Too High,’ Elon Musk Tweeted. Then Came the Stock Plunge

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(Bloomberg) — Tesla shares plunged after Chief Executive Officer Elon Musk said the electric-car maker’s stock was too high.

The billionaire said in a separate post that he’s selling “almost all” of his physical possessions and won’t own a house. He also renewed his call for reopening the economy, tweeting: “Now give people back their FREEDOM.”

Tesla shares plunged 8% as of 11:20 a.m. Friday in New York trading.

TIME.com

(Bloomberg) — Tesla shares plunged after Chief Executive Officer Elon Musk said the electric-car maker’s stock was too high.

The billionaire said in a separate post that he’s selling “almost all” of his physical possessions and won’t own a house. He also renewed his call for reopening the economy, tweeting: “Now give people back their FREEDOM.”

Tesla stock price is too high imo

— Elon Musk (@elonmusk) May 1, 2020

Tesla shares plunged 8% as of 11:20 a.m. Friday in New York trading.

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