News Finance

Elon Musk knocks US$14bn off Tesla market value

Elon Musk knocks US$14bn off Tesla market value
Elon Musk. [image: BBC]

Tesla's founder Elon Musk wiped US$14bn off its value after tweeting its share price was too high in his opinion.

The tweet also knocked US$3bn off Musk's own stake in Tesla as investors promptly bailed out of the company.

"Tesla stock price is too high imo," he said, one of several tweets that included a vow to sell his possessions.

In other tweets, he said his girlfriend was mad at him, while another simply read: "Rage, rage against the dying of the light of consciousness."

In 2018, a tweet about Tesla's future on the New York stock market led to regulators fining him US$20m and agreeing to have all further posts on the platform pre-screened by lawyers.

[Source:  BBC]

Stay tuned for the latest news on our radio stations

CFL radio frequencies
Scoreboard
9:50PM
Roosters vs Sharks
6:05PM
Warriors vs Knights
3:00PM
Suva vs Malolo
3:00 pm
Taveuni vs Kadavu
3:00 pm
Tailevu vs Lautoka
11:00AM
Rewa vs Nasinu
11:00AM
Tailevu vs Lautoka
11:00AM
Suva vs Namosi
7:00AM
Brentford vs Chelsea
11:30PM
Spurs vs Aston Villa
2:00AM
Everton vs Ipswich Town
10:05PM
Fiji vs Japan
7:00PM
Canada vs USA
2:00PM
PNG vs Vanuatu
7:00PM
Fiji vs Solomon Islands