{"id":9267,"date":"2020-05-05T12:37:00","date_gmt":"2020-05-05T12:37:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2541924"},"modified":"2020-05-05T12:37:00","modified_gmt":"2020-05-05T12:37:00","slug":"elon-musk-says-teslas-stock-price-is-too-high-and-now-it-has-fallen","status":"publish","type":"post","link":"http:\/\/ipsnews.net\/business\/2020\/05\/05\/elon-musk-says-teslas-stock-price-is-too-high-and-now-it-has-fallen\/","title":{"rendered":"Elon Musk says Tesla\u2019s stock price is too high, and now it has fallen"},"content":{"rendered":"

<\/p>\n

Tesla CEO Elon Musk tweeted Friday that Tesla’s stock price is “too high imo,” and the stock fell immediately after. Tesla’s stock is down more than 10 percent.<\/p>\n

Last year, Musk made an agreement with the Securities and Exchange Commission to have a company lawyer pre-approve tweets about Tesla’s finances, sales, or deliveries last April. The settlement exists because Musk tweeted he was thinking of taking Tesla private, “funding secured.” The SEC sued him for securities fraud as a result.<\/p>\n

Here is Musk’s entire tweet:<\/p>\n

\n
\n
\n
\n
\n
\n
\"\"<\/p>\n
\n
Elon Musk<\/span><\/span><\/p>\n
 <\/div>\n

\"\u2714\"<\/strong><\/span><\/span>@elonmusk<\/span><\/div>\n<\/div>\n

\n
 <\/div>\n<\/div>\n<\/div>\n
\n
 <\/div>\n

Tesla stock price is too high imo<\/p>\n

\n
\n
\n
 <\/div>\n<\/div>\n

195K<\/span><\/div>\n