Here are the seven times Musk changed the market with tweets:
April 2, 2018: Musk's April Fool's Day joke is on the rise. He tweeted that Tesla had been "completely and utterly bankrupt." Previously, Tesla faced a series of negative news, including production difficulties, regulatory scrutiny of the self-driving system, and Moody's Investors Service downgrading Tesla's credit rating to "junk." All of this combined to send the stock price down 8.1%.
August 8, 2018: Musk tweeted during trading hours that "I'm considering taking Tesla private for $420 and the money is in place." As soon as the news came out, Tesla's stock price closed up nearly 11%. However, as musk's ability was questioned, the gains were given back within days.
August 14, 2018: Just as the public was concerned about whether Musk would take Tesla private, he tweeted that he had hired goldman Sachs Group and the top executives of Silver Lake, a well-known Silicon Valley private equity firm, as advisers, but failed to calm the market doubts, and Tesla's stock price continued to fall, falling 15% in 4 days.
February 20, 2019: Musk tweeted in February 2019 that Tesla's annual production will reach about 500,000 vehicles, and a few hours later it issued a correction, "I mean the annual production at the end of 2019 may reach 500,000 vehicles, that is, 10,000 units per week, and the annual shipment will still be around 400,000." Tesla shares then fell 3.7 percent.
May 1, 2020: Tesla shares immediately fell 10 percent after Musk tweeted that "Tesla shares are too high," wiping out about $13 billion in market value.
November 2, 2021: Musk expressed skepticism about Hertz's purchase of 100,000 Teslas for its rental fleet, saying that "Tesla has not signed a contract with Hertz" and that the transaction with Hertz has "zero economic impact on Tesla." The next day, Tesla's stock fell 3 percent.
November 6, 2021: Musk proposes to sell 10% of his stock on Twitter and polls people on social networks to see if they support it. After the vast majority of 3.5 million Twitter users (58 percent) voted in favor, Tesla shares hit their biggest drop in eight months, up 7.3 percent as of Nov. 8.
Edit/isaac
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