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Home What’s Buzzing

How A Series Of Tweets Made Tesla’s Stock Fall 10% In Quick Time

Shubham Sachdeva by Shubham Sachdeva
May 2, 2020
in What’s Buzzing
A A

Elon Musk is surely someone that a lot of people look upto as an idol. Still, there are many who feels that he is crazy and he has proved this many times with his tweets. The importance of what he tweets can be guessed by the fact that there have been occasions when Tesla has seen an abrupt rise or fall in its stock price just because of what Elon Musk tweeted.

One such similar incident happened recently due to a series of tweets from Musk on Friday. First, he wrote about selling most of his physical possessions.

I am selling almost all physical possessions. Will own no house.

— Elon Musk (@elonmusk) May 1, 2020

Then after a span of a minute, he came up with a tweet saying that the price of Tesla stock is too high.

Tesla stock price is too high imo

— Elon Musk (@elonmusk) May 1, 2020

This was just the start, as Musk came up with more surprising tweets:

Now give people back their FREEDOM

— Elon Musk (@elonmusk) May 1, 2020

Gave proof through the night that our flag was still there

— Elon Musk (@elonmusk) May 1, 2020

O'er the land of the free and the home of the brave?

— Elon Musk (@elonmusk) May 1, 2020

Later, he tweeted that his girlfriend was mad at him.

My gf @Grimezsz is mad at me

— Elon Musk (@elonmusk) May 1, 2020

What happened after this is very interesting as Tesla’s stock fell sharply. As Musk had written that Tesla stock price was too high, people would have seen this as a signal that its price will decrease and they went for selling off.

As expected, Netizens came up with some hilarious replies to Musk’s tweets. Have a look at some of them:
1.

Bitcoin price is too low imo

— Bitcoin (@Bitcoin) May 1, 2020

2.

https://twitter.com/thampi_sree/status/1256290550677827585

3.

https://twitter.com/ladyedlynne/status/1256348430718377987

This guy really can change things within minutes. What you think?

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