--- title: "Elon Musk’s Weird Tweets Are Sending Tesla Stocks Into a Nosedive" description: "Tesla CEO Elon Musk's latest unhinged tweetstorm is sending Tesla stocks into a nosedive. \"Tesla stock price is too high imo,\" Musk tweeted." date: "2020-05-01" modified: "2020-05-01" authors: - name: "Victor Tangermann" job_title: "Senior Editor" link: "https://futurism.com/authors/victor" url: "https://futurism.com/elon-musk-weird-tweets-tesla-stocks-nosedive" categories: - "Advanced Transport" - "Elon Musk" - "Future Society" - "Tesla" - "The Industrialists" tags: - "coronavirus" - "elon musk" - "tesla" --- # Elon Musk’s Weird Tweets Are Sending Tesla Stocks Into a Nosedive ![Tesla CEO Elon Musk's latest unhinged tweetstorm is sending Tesla stocks into a nosedive. "Tesla stock price is too high imo," Musk tweeted.]() *\Image: NORAD/USNORTHCOM/Victor Tangermann \* It was just days ago that Tesla CEO Elon Musk [joined Trump]() in calling for the United States to rebel against government forces to end the lockdown — measures that were put in place to keep people safe. Now, [*CNBC* reports](), his latest tweetstorm is sending Tesla stocks into a nosedive. "Tesla stock price is too high imo," Musk [tweeted]() earlier today, causing shockwaves among the company's investors. The result: a drop of more than 12 percent in share prices. The news just days after Tesla reported that revenues [were up]() more than expected. Musk is no stranger to causing mayhem by making unexpected and often provocative claims. There was his [weed joke]() from 2018, when he mused about taking Tesla private for $420 a share. Or that time he [called]() a British cave diver a pedophile. Those escapades have earned Tesla a mountain of paperwork, an [investigation]() by the US Securities and Exchange Commission (SEC), and [several]() [lawsuits](). At least back then he was putting the value of his own company on the line — or pissing off the odd individual. His latest calls to "[FREE AMERICA NOW,"]() however, could arguably end up putting other people's health at risk. Today, Musk took to Twitter not appease shareholders, but fan the flames by [reciting the Star Spangled Banner]() to his tens of millions of followers. Musk also claimed that he's "selling almost all physical possessions. Will own no house." There's no doubt the latest hijinx will result in headaches for Tesla's staff and management — and during a global pandemic. What's still unclear is whether Musk has an ulterior motive. Is he simply upset Tesla's factory in Fremont, California [had to close]() due to stay-at-home orders? Is it the stress from having a pregnant wife who's soon giving birth to a baby that's "due on Monday" [according to Musk]()? It doesn't seem to be about the money. Musk is putting a $720 million payout on the line that depends on share prices keeping their value over time. To receive a first slice of the cake, Tesla would need to reach a $100 billion value and hold it for a one- and six-month average, [according to *CNET*](). Screaming the US anthem and rehashing right-wing conspiracy theories won't get him there. There must be something we don't know about — unless Elon Musk has lost it for good. **READ MORE:** [Tesla shares tank after Elon Musk tweets the stock price is ‘too high’]() \[*CNBC*\] **More on Musk:** *[Here’s Why Elon Musk Keeps Complaining About Quarantine]()* ## Author I've been at Futurism since 2017, where my role has evolved to encompass design, writing, and increasingly editing. I've always been fascinated by space exploration and advanced transportation, which I've leaned into by interviewing luminaries in those fields while closely following the dimensions of policy and regulation that allow next-generation projects to succeed -- or, sometimes, to fail. I'm also keenly interested in the effects of generative AI on society, policies, and democratic institutions, as well as clean energy, physics and biology, and the vagaries of tech leadership. My work for Futurism has been cited by publications including Ars Technica, Gizmodo, PC Magazine, Jalopnik, Fox News, and the New York Post. I spent my childhood living in locations including Manila, the Philippines, and Geneva, Switzerland, attended McGill University, and now live in Toronto, Canada. Before Futurism I worked at AskMen and a small photography studio. In my free time, I'm an avid gardener, foodie, and craft beer lover, as well as a maker of artisanal hot pepper sauces. I have a magnificent dog named Freida. ### Author social links [Bluesky]()