Elon Musk goes on bizarre Twitter rant that sends Tesla shares tumbling after he boasts his company’s stock is ‘too high’ and pledges to ‘sell of his physical possessions’ before reciting the Star Spangled Banner
Elon Musk sent stocks of his electric car company on a freefall on Friday after tweeting that the share price may be too high as the billionaire Tesla CEO posted a bizarre series of tweets.
‘Tesla stock price is too high imo,’ Musk tweeted at around 11:11am Eastern Time on Friday.
Right after he posted this tweet, Tesla shares began a precipitous nosedive on Wall Street.
Sure enough, Tesla shares dipped on Friday, falling more than 11 per cent and trading at around $693 as of the afternoon.
Fans of the Tesla CEO are worried and confused on Friday after he posted a series of incoherent tweets that included misquoted lyrics of The Star Spangled Banner as well as a strange pledge to sell his possessions.
Musk also tweeted: ‘Now give people back their FREEDOM.’
Tesla CEO Elon Musk went on a bizarre Twitter rant on Friday that sent shares of his company down by more than 11 per cent
That tweet is likely a reference to Musk’s controversial comments slamming the coronavirus lockdown, which he called ‘fascist’ on Wednesday.
The tech entrepreneur also tweeted that he intends to sell ‘almost all physical possessions.’
‘Will own no house,’ Musk tweeted. He then remarked: ‘Just one stipulation on sale: I own Gene Wilder’s old house.
‘It cannot be torn down or lose any its soul.’
In November 2013, Musk purchased a three-quarter-acre Bel Air home for $6.75million. That property once belonged to Wilder, the late Willy Wonka actor who died in 2016.
The home is one of six that Musk bought within walking distance of each other.
Musk also purchased a seventh home near Tesla headquarters in North California.
In total, he has spent more than $100million for seven properties since 2012, according to The Wall Street Journal.
Musk then remarked on Twitter that his girlfriend, the musician Grimes, was made at him.
In response to another Twitter user, Musk revealed that Grimes, who is pregnant, is due to give birth on Monday.
Musk also attempted to recite the Star Spangled Banner, tweeting: ‘And the rocket’s red glare, the bombs bursting in air…gave proof through the night that our flag was still there…Oh, say does that star-spangled banner yet wave…O’er the land of the free and the home of the brave?’
He then tweeted: ‘Rage, rage against the dying of the light of consciousness.’