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Tesla’s Stock Price Plunged Minutes After Elon Musk Tweeted Price Too High

Yiran Dai

Summary: Tesla’s stock plunged after its CEO Elon Musk tweeted, “Tesla stock price is too high imo” at 11:11 a.m. (EST) today. After bouncing back from its mid-day low at $686 a share, the vehicle manufacturer’s stock price closed with a decrease of about $60 per share.

Tesla’s stock plunged after its CEO Elon Musk tweeted, “Tesla stock price is too high imo” at 11:11 a.m. (EST) today. After bouncing back from its mid-day low at $686 a share, the vehicle manufacturer’s stock price closed with a decrease of about $60 per share.

The top reply with 10k likes came from Bitcoin (@Bitcoin) as “Bitcoin price is too low imo.” IMO is the acronym for “in my opinion.”

This is not the first time Elon Musk claimed the stock price of Tesla overvalued. According to a report from CNN Business, in 2013, Musk said, “the stock price that we have is more than we have any right to deserve.”

By Yiran Dai

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