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I read this story a few days ago, I still can't believe that Elon got a nut loose and lost all those billions. He could of simply DM'ed me to take them off his hands.

Tesla boss Elon Musk wiped $14bn (£11bn) off the carmaker's value after tweeting its share price was too high.

It also knocked $3bn off Mr Musk's own stake in Tesla as investors promptly bailed out of the company.

"Tesla stock price too high imo," he said in one of several tweets that included a vow to sell his possessions.

In other tweets, he said his girlfriend was mad at him, while another simply read: "Rage, rage against the dying of the light of consciousness."

In 2018, a tweet about Tesla's future on the New York stock market led to regulators fining the company $20m and Mr Musk agreeing to have all further posts on the platform pre-screened by lawyers.

'Headache'
On Friday, the Wall Street Journal reported it had asked the billionaire if he was joking about the share price tweet and whether it had been vetted, receiving the reply "No".

Tesla's share price has surged this year, putting the electric carmaker's value at close to $100bn, a mark that would trigger a bonus payment of hundreds of millions of dollars to the entrepreneur.

Twitter post by @elonmusk: I am selling almost all physical possessions. Will own no house.
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"We view these Musk comments as tongue in cheek and it's Elon being Elon. It's certainly a headache for investors for him to venture into this area as his tweeting remains a hot button issue and [Wall] Street clearly is frustrated," Wedbush Securities analyst Daniel Ives told Reuters news agency.

In 2018, Mr Musk tweeted that he may have secured funding to possibly remove Tesla from the stock market and take it private, which again led to swings in the share price. The Securities and Exchange Commission judged it a market-moving comment, fined him and forced Tesla to put in place checks to ensure it did not happen again.

But last month, a federal judge said Tesla and Musk must face a lawsuit by shareholders over the going-private tweet, including a claim that Mr Musk intended to defraud them.
 

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Think how much PPE could have been made to assist medical staff in this pandemic crisis with that much money. Think how many starving people could be fed with that money. But now it is just dust in the wind. I don't suppose Musk even cares such is the cavalier attitude towards money with the super rich. It's like monopoly money to them, only with more zeros at the end.
 

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Think how much PPE could have been made to assist medical staff in this pandemic crisis with that much money. Think how many starving people could be fed with that money. But now it is just dust in the wind. I don't suppose Musk even cares such is the cavalier attitude towards money with the super rich. It's like monopoly money to them, only with more zeros at the end.
It's not like he had liquid assets of 14b. That sum is imaginary from teh beginning.
 

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All I want for Christmas is EU
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It's not like he had liquid assets of 14b. That sum is imaginary from teh beginning.
Stocks can be sold. And then they turn into real money. But I get your drift. The whole stock market economy is very much like a paper building.
 

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Elon was never the stablest to begin with, and has been slowly going more bonkers over the years.

That said, he was absolutely correct, Tesla is hugely overvalued, by factor of 3 or 4 at least.
 

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Stocks can be sold. And then they turn into real money. But I get your drift. The whole stock market economy is very much like a paper building.
In all fairness Musk needs his stock to keep control of the company, so he won't just sold them. Despite all the criticism, at least Musk companies develop stuff and are better than most.
 
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