Wed, December 11, 2024
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[ Wed, Dec 11th 2024 ]: USA Today
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all-time high
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'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all-time high

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Elon Musk and social media users are reacting after Tesla stock reached $420, years after the CEO's "funding secured" tweet that landed him in controversy.
The article from USA Today discusses Elon Musk's tweet from August 2018 where he suggested taking Tesla private at $420 per share, a move that led to significant legal and financial repercussions. The tweet caused Tesla's stock price to surge, but it also triggered a lawsuit from shareholders who claimed they were misled. Musk later settled with the SEC, paying a $20 million fine and stepping down as Tesla's chairman. Recently, a jury found Musk not liable for the tweet, but the issue has resurfaced with Tesla's stock price nearing the $420 mark again, sparking discussions on social media and among investors about the implications and Musk's ongoing influence on the company's stock value. The article highlights the ongoing fascination with Musk's ability to move markets with his statements and the complex relationship between his public persona and Tesla's market performance.

Read the Full USA Today Article at:
[ https://www.usatoday.com/story/money/2024/12/11/tesla-stock-420-elon-musk/76926593007/ ]