Sign up to never miss a drop
Highsnobiety

Tesla Loses Over $14 Billion in Value After Elon Musk Goes on Tweeting Spree

Words By Sarah Osei

Elon Musk’s Twitter antics have caught up to him yet again. This time he wiped $14 billion off Tesla's market value in one tweet.

Yesterday, the Tesla CEO tweeted “Tesla stock price [is] too high imo.” Tesla's market valuation was worth around $141 billion before the first tweet and it nosedived to nearly $127 billion.

Musk didn't stop there, he then tweeted: “I am selling almost all physical possessions. Will own no house” before sharing that his girlfriend, Grimes is "mad" at him.

Your Highsnobiety privacy settings have blocked this Twitter post.
Your Highsnobiety privacy settings have blocked this Twitter post.

Tesla has since dropped by over $14 billion in market value. The drop has also knocked off around $3 billion in Musk’s own stake in Tesla as well.

For those that forgot, in 2018 Elon’s tweets about Tesla’s future on the New York stock market led to regulators fining him $20 million and agreeing to having all future posts on the platform pre-screened by lawyers. This also resulted in the removal of Musk as chairman of the Tesla board.

We Recommend
  • Face Value: The 5 Best Beauty Drops of March
    • Beauty
  • Channel the Sun-Bleached Goth, Y/Project's Muse-Apparent
    • Style
  • Face Value: The 5 Best Beauty Drops of February
    • Beauty
  • Face Value: The 5 Best Beauty Drops of January
    • Beauty
  • Aimé Leon Dore's Latest New Balance Collab Is so Subtle No One Noticed It Drop
    • Sneakers
What To Read Next
  • Beyond Ralph Lauren: Redeeming the Polo's Potential
    • Style
  • adidas Turned Two Cleats Into One Beautiful Sneaker
    • Sneakers
  • Smoking Isn’t What It Used to Be
    • Culture
  • A Guide to This Year's Milan Design Week
    • Culture
  • A Birkenstock Boston Clog Chunked up for Chefs But Designed for Outdoors
    • Sneakers
  • “Linen Moves” Dances with the Idea of What Moves You
    • Style
    • sponsored

Discover & Shop what's next with our brand new App

*If you submitted your e-mail address and placed an order, we may use your e-mail address to inform you regularly about similar products without prior explicit consent. You can object to the use of your e-mail address for this purpose at any time without incurring any costs other than the transmission costs according to the basic tariffs. Each newsletter contains an unsubscribe link. Alternatively, you can object to receiving the newsletter at any time by sending an e-mail to info@highsnobiety.com

Web Accessibility Statement

Titel Media GmbH (Highsnobiety), is committed to facilitating and improving the accessibility and usability of its Website, www.highsnobiety.com. Titel Media GmbH strives to ensure that its Website services and content are accessible to persons with disabilities including users of screen reader technology. To accomplish this, Titel Media GmbH tests, remediates and maintains the Website in-line with the Web Content Accessibility Guidelines (WCAG), which also bring the Website into conformance with the Americans with Disabilities Act of 1990.

Disclaimer

Please be aware that our efforts to maintain accessibility and usability are ongoing. While we strive to make the Website as accessible as possible some issues can be encountered by different assistive technology as the range of assistive technology is wide and varied.

Contact Us

If, at any time, you have specific questions or concerns about the accessibility of any particular webpage on this Website, please contact us at accessibility@highsnobiety.com, +49 (0)30 235 908 500. If you do encounter an accessibility issue, please be sure to specify the web page and nature of the issue in your email and/or phone call, and we will make all reasonable efforts to make that page or the information contained therein accessible for you.

© Titel Media GmbH 2024