Tesla stock plunges after Musk tweets “Tesla stock price is too high”

Enlarge / Elon Musk in 2015. (credit: ODD ANDERSEN/AFP/Getty Images)
Tesla’s stock is down sharply in Friday trading. One likely reason for that: CEO Elon Musk tweeted that “Tesla stock price is too high imo.”
Musk posted that tweet at 11:11am Eastern time. At the time, Tesla’s stock was worth around $760—down less than 3 percent from Thursday’s closing price of $781.
By 11:30, the stock plunged to $722, a 5 percent fall in 19 minutes. It has since fallen further to around $710—about 9 percent lower than Thursday’s closing price. The broader stock market is down less than 3 percent today.Read 15 remaining paragraphs | Comments
Source: Car news one

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