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Sunday, 3 May 2020

Corporate Sector News- The 7-word Tweet Reduced Tesla's Valuation by Rs 1 lack Crore.

According to the Corporate News- Elon Musk paid 14 thousand crore rupees for every word.



⇛Elon Musk said in his other tweet that his girlfriend is angry with him. There are 3.3 core followers on Elon musks tweeter. 

A tweet by Elon Musk reduced the value of the company by $ 14 billion (1 lack crore). He wrote "Tesla stock price is too high". His tweet only had 7 words to say, but he had to pay 14 thousand crores for each word of this tweet. According to the Corporate Business News, Not just the valuation of the company come down, but CEO Elon Musk's had to pay  $ 3 billion (Rs 22.6 thousand crore) from his own pocket. 


⇛On May 1, Elon Musk made a lot of tweets, in which he called the share of tesla company as overvaluing. 


Elon Musk said in a new tweet that he is selling all his physical possessions.
Tesla company's stock fell more than 10 percent on Friday. The company's stock price was $ 755 on Friday. Which reached $ 701 when the market closed






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