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May 1, 2020

Tesla shares plunge after Musk says stock is priced too high

2020 a 'Wild-Card Year' for Tesla, Analyst Munster Says

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Tesla Inc. shares plunged after Chief Executive Officer Elon Musk said the electric-car maker’s stock was too high.

The billionaire said in a separate post that he’s selling “almost all” of his physical possessions and won’t own a house. He also renewed his call for reopening the economy, tweeting: “Now give people back their FREEDOM.”

Tesla shares plunged eight per cent as of 11:20 a.m. Friday in New York trading.