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Elon Musk tweet wipes $14bn off Tesla's value
- 3JPLW 6y agoThe tweet in question: https://twitter.com/elonmusk/status/1256239815256797184 https://twitter.com/elonmusk/status/1256239815256797184 > Tesla stock price is too high imo
- holler 6y agoisn't the entire market down today though? how can it be proven that his tweet impacted the price versus a broad market loss?
- alexpghayes 6y agoyou can do this with a synthetic control. i did this at https://www.alexpghayes.com/blog/elon-musk-send-tweet/ https://www.alexpghayes.com/blog/elon-musk-send-tweet/
- notechback 6y agoVery nice little article. While my kind might not be the target audience would you mind adding a short ELI'mNotAnEconomist explanation?
- nashashmi 6y agoThis is not the first time he has said this. When tesla stock was hovering around 300$ for the first time back in many years ago, he repeatedly said the same thing. The stock corrected some 9 months or more later. If he believes the stock is high, he is trying to calm the hype behind it. And not look bad when the stock actually self corrects.
- saagarjha 6y agoI thought he had people approving his tweets now? Was he hacked?
- detaro 6y agohttps://news.ycombinator.com/item?id=23046047 https://news.ycombinator.com/item?id=23046047
- unsupervisedluv 6y agoProbably a stock buyback ploy
- __blockcipher__ 6y agoHow would TSLA even have the capital to do buybacks? Doesn’t make sense IMO
- jonny_eh 6y agoWouldn’t that be illegal?
- boublepop 6y agoYou mean like making public claims you’ve secured funding To take a company private in order to squeeze shorts? Yes, that would be illegal.
- wp381640 6y agoThey just issued $2B of shares only ~6 weeks ago But that was when Elon was sober, so who knows
- wideasleep1 6y agoOnly reason I have a Twitter account is apparently it is the BEST way to deal with TMobile's T-Force, to really get shit done. Otherwise, I consider Twitter a cesspool...a sideshow for the truly bored.
- wideasleep1 6y agoDownvotes continue...how is Twitter NOT the perfect troll platform? DANG, please delete my account!