Elon Musk tweet again disrupt the market in hours. Do you know How Much Elon Musk Tweet Costs Tesla motors? On Friday Elon Musk Tweeted and after his tweet Tesla’s market value falls off 14 billion dollars.
Elon musk tweet costs Tesla motors a loss of 14 billion dollars. It also costs Elon Musk itself a loss of 3 billion dollars as a shareholder of Tesla Motors.
The tweet saying that Tesla stock was “too high” proved disastrous. Elon Musk has followers of around 34 million on Twitter. So After his tweet Company loses 14 billion dollars within hours. Not only this now Elon musk may lose his job as Tesla Chief Executive board. He already lost the role of chairman because of his previous tweet
This is not the first time that tweets cost him great. In an early tweet in August 2018 Elon posted about Tesla going private. This tweet again caused a problem for him and as a result Elon and Tesla settling with SEC. This settlement included $40 million penalties and that was equally divided into Musk and Tesla. Along with these losses, Elon also lost the Chairmanship of Tesla motors.
You can imagine his tweet power by the fact that just before his First tweet Tesla’s Market valuation was $141 billion and after his tweet, Tesla’s market valuation reached $127 billion.
He made a series of tweets and in his other tweet, he said about selling his house.
Surely his tweets are a headache for investors. His tweets are a hot Button which can trigger many problems.
Tesla touched a market valuation of 100 billion dollars in January. Tesla is generating revenue of 24 billion dollars a year.
Tesla Motor is one of the leading eletric car making company. This company is own by Elon Reeve Musk.