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.
Advertisement