The richest man in the world is no stranger to using the social media platform Twitter Inc TWTR to share their opinions on a wide range of subjects. A 2020 tweet highlighted the stock price of one of his own companies.
What happened: On May 1st, 2020, Tesla Inc TSLA CEO Elon Musk tweeted he thought his electric vehicle company’s share price was too high.
Tesla stock price is too high imo
— Elon Musk (@elonmusk) May 1, 2020
The tweet came as a surprise as many CEOs avoid commenting on their companies’ stock prices when they are publicly traded. Most CEOs would also avoid saying their stock price is overvalued as it could cause shares to trade lower.
Musk’s tweet also included several other posts about reconsidering his “bondage with the material world,” including the CEO saying he would sell his physical holdings.
Some thought Musk’s account was hacked, but years later the tweet stands.
Tesla is the Musk’s most-tweeted topic According to a survey that traces his tweets back to 2012. Musk is in acquire Twitter with a bid of $54.20 per share.
Related link: Tesla Q1 Earnings Highlights: Electric Vehicle Maker Posts Record Revenue, Shipments and Profits
Invest $1,000 in Tesla: When investors agreed with Musk that stocks were overvalued and sold or avoided an investment, they missed out on hefty gains.
Shares of Tesla were trading at $761 when Musk sent his tweet. A $1,000 investment in Tesla at the time of Musk’s tweet could have bought 1.31 shares of the company’s stock.
Tesla later had a stock split in August 2020 that gave investors five Tesla shares for every share they owned. The 1.31 treasury shares would have become 6.55 Tesla shares.
Another stock split in August 2022 gave Tesla investors three shares for every share they owned. Tesla’s 6.55 shares would have become 19.65 shares.
A $1,000 investment in Tesla would be worth $5,309.63 today, based on a price of $270.21 for Tesla at the time of…
