Tesla Falls as Musk Says Stock Too High in 2018-Style Tweets

CEO has been frustrated about shutdown orders deemed ‘fascist’
Posts are reminiscent of ones the SEC sued over 19 months ago

Musk's Tesla 'Price Too High' Tweet Potentially Breached SEC Accord: Harvey Pitt

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By Dana Hull and Josh Eidelson

May 1, 2020 at 3:22 PM UTC

Updated on

May 1, 2020 at 9:53 PM UTC

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Tesla Inc. shares plunged after Elon Musk said the electric-car maker’s stock is too high in a stream of tweets reminiscent of the posts that securities regulators sued him over in 2018.

The chief executive officer posted more than a dozen times in a span of less than a 75 minutes Friday, claiming he’s selling “almost all” of his physical possessions and won’t own a house. He also renewed his call for reopening the economy.