Musk: Seven Elon Musk tweets that sent Tesla shares on a wild ride – Times of India

New Delhi: Even by Elon’s standards musk — who said in 2019 that his Twitter feed was largely bullshit — last weekend’s poll on whether he should sell 10% of his Tesla stock.
Yes, after a clear majority (58%) of 3.5 million Twitter users tesla stock On Monday, New York’s trade fell to its most in eight months, falling as much as 7.3%.
The stake would be valued at approximately $21 billion based on the 170.5 million Tesla shares he held.

Whether he goes with it or not, the attention-grabbing move was the latest in Musk’s long history, using Twitter and fans of his fans on the platform to spur interest in Tesla and his other ventures, sometimes pushing the envelope with tweets. Giving that is tongue-in-cheek is intentionally abusive.
It also wasn’t the first time his Twitter views made Tesla shares move, with the infamous “funding secure” tweet drawing the ire of executives.
This resulted in the 50-year-old agreeing to obtain approval from a Tesla attorney before communicating physical information to investors as part of a settlement with US securities regulators in 2018. It was unclear whether that official previewed Musk’s Twitter poll.
Here are six times Musk has hit the market with his tweets:
1) Musk was at it just last week, skeptical of Hertz Global Holdings’ deal to buy 100,000 Teslas for its rental car fleet and reduce the deal to $4.2 billion. Tesla’s stock fell 3% the next day.

This wasn’t the first time Musk has questioned the market’s reaction.
On October 25, he tweeted that the change in Tesla’s valuation — a 12% jump in shares — was “strange” because he said the company faces problems with production, not demand.

2) In May of last year, Musk started a tweet storm in which he said he was selling almost all of his assets and would not own a house, and gave the unusual opinion for a CEO that his company’s stock (then a Trade-adjusted $156) on the split was too high. Shares immediately fell 10%.
Although the slide was short-lived, all losses were recovered over the next three days.

3) In February 2019, Musk corrected a prediction of how many cars Tesla would make that year, just hours after tweeting that annual production would reach nearly 500,000 vehicles.
The electric-car pioneer said he intends to tweet that Tesla expects to make cars at an annual rate of about 500,000 by the end of 2019.

In response, the stock fell 3.7%.
4) Arguably Musk’s most infamous tweet dropped in August 2018, fueling weeks of speculation about his intention to take Tesla private.
Shares jumped 11% in the following days before eroding those gains as doubts grew about their ability to pull off the deal.

In the end, it all appeared to be a dull joke—April 20, or 4/20 ($420, get it), is a popular day among cannabis aficionados to celebrate marijuana culture.
Musk was fined $20 million to settle fraud charges and had to step down as chairman for three years.
Tesla also paid a $20 million fine. Musk did not repent, later tweeting that the fine was “worth it” and continued to take potshots at the US Securities and Exchange Commission.
As it turns out, this would be the steal of a lifetime. Tesla’s “offer” is worth $82 billion, a fraction of what is now a market cap of $1.17 trillion.
5) Amid frenzied speculation about the tech-private offer, Musk tweeted that he would take on the big guns from Goldman Sachs Group and famed Silicon Valley buyout firm Silver Lake Management LLC as an advisor.

Still, it did little to silence the skeptics, and shares continued their downward trajectory, running on a four-day, 15% decline.
6) In an April Fools’ joke that fell flat, Musk’s tweet that Tesla had gone “completely and utterly bankrupt” came after bad news for the automaker, including a reduction in production, its driver-assistance system Includes regulatory checks on autopilot and a credit. Moody’s Investors Service has further downgraded the rating.

All of this together sent the stock down as much as 8.1%.
And of course, Musk has influence in the crypto markets too, sending the price of Bitcoin, Dogecoin and Shiba Inu falling with his thoughts and memories.