Tesla Electric Vehicles lost about $ 14 billion due to a tweet on its social networking platform, its owner, Elon Musk.
According to Arabiya Net, Musk said in his seven-word tweet that he believed his company’s stock was valued at a very high price, and after the tweet, the company's shares began to decline to lose toward 10% of its value caused the aforementioned market value losses, according to the British Financial Times.
Musk has about 33 million followers and has a history of bad tweets, which have caused problems before for his company.
In 2018, his tweet caused to Musk stating that he had acquired all Tesla shares and converted them into fully private ownership into a complaint by the US money market regulatory authorities.
The problem resulted in an eventual settlement, as Musk vowed not to use Twitter in any tweets related to the company without referring to the company's legal affairs.
It was not immediately known if that Twitter had obtained approval from the company's legal affairs before it was written.
As part of the settlement reached in 2018, Musk stepped aside from chairing the company's board of directors for a period of 3 years.
Tesla shares fell by about 60% in the aftermath of the Corona crisis, before recovering strongly recently, by about 120%.
< The high rises of the company's shares have caused severe losses for short selling investors who are betting against the company's shares rise.
