A simple tweet from Elon Musk causes Tesla to fall sharply in the stock market

The automaker’s stock lost more than 11% of its value on Wednesday following a response from its head to Dmitry Medvedev, Numerama reports.

By ThePoint.fr

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VS’is an opinion that is dear to many Tesla investors. As Numerama indicates, Tesla shares lost 11.41% of their value on Wednesday, December 28 due to a tweet by Elon Musk on the social network that he recently became the owner of. The world’s richest man responded to tweets by Dmitry Medvedev, the current deputy chairman of Russia’s Security Council and Vladimir Putin’s right-hand man, to say he found his tweets “epic”, especially regarding its predictions for the year 2023.

A simple reaction which therefore did not fail to excite the American stock market and more precisely the Tesla stock, which lost almost 73% of its value in just one year, going from $399.93 to $109.10. . Before the Tesla boss deletes his tweet and explains.

Four hours later, Elon Musk clarified that his tweet should be taken with humor and that he did not believe at all that the predictions of the Russian statesman would come true. In particular, Dmitri Medvedev claimed that by 2023 Britain would be back in the EU, Europe would collapse, the US would suffer a civil war and France would go to war against a “4e Reich’.

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A complicated year 2023 for Tesla?

However, according to Elon Musk, this touch of humor should not have made the people who invested in the Tesla stock market smile. However, our colleagues point out that the multi-billionaire’s tweets are not the only reason for the electric car manufacturer’s downfall. And with good reason, the global economic context, partly linked to the war in Ukraine and the energy crisis, is far from favorable for it. Experts say Tesla orders will continue to decline in 2023 and some factories may be on hold.

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