Musk Tweets, Tesla Stocks Slump

Tesla (NASDAQ: TSLA) stock was soaring earlier this week after releasing positive earnings for Q1. The stock, which was outshining many other lagging vehicle manufacturing stocks, peaked around $880 earlier this week.

The stock went into a tailwind on Friday morning after founder and CEO, Elon Musk, tweeted: “Tesla stock price is too high imo”.

Tesla stock price is too high imo

— Elon Musk (@elonmusk) May 1, 2020

See what happens right after he tweets this.

It’ll be interesting to see how the market responds on Monday, and if Musk, who is no stranger to controversy, will be in trouble with the SEC.