Elon Musk sent stocks of his electric car company on a freefall on Friday after he went on a bizarre Twitter rant.. We are investigating and taking steps to fix it.

Meanwhile, Tesla Add the fact that the electric vehicle (EV) market is nearing a critical turning point, and the risky bubble that TSLA investors have inflated can be seen clearly.Over the next five years, 200 new EV models will hit the market. Elon Musk’s Tesla will split its shares after the stock surged 500% in the 12 months, making it the world's most valuable automaker. Elon Musk is a great Twitter follow. Will own no house,” during a wild series of Twitter posts. Another Reason to Sell TSLA Stock Will demand be there? The Tesla CEO posted a number of tweets of questionable taste and accuracy this week. That wave of buying pushed the share price higher, thus driving more short sellers out, and so on.Tesla's stock is now worth more than nearly the entire auto industry combined. Elon Musk is his own worst enemy, especially on Twitter.

We've received your submission.Over a dozen high-profile Twitter accounts, including Joe Biden and Elon Musk, appear to have been hacked on Wednesday as part of an apparent scam that promised free bitcoins to tens of millions of users.“Feeling greatful, doubling all payments sent to my BTC address!,” read the a That was preceded by another quickly deleted tweet from Musk that said he was “feeling generous because of Covid-19.”Other popular Twitter accounts that appear to have been hacked include the richest man in the world, Amazon CEO Jeff Bezos, the second richest man, Bill Gates, former US President Barack Obama, presidential hopeful Kanye West, reality TV star Kim Kardashian, and the corporate account for iPhone maker Apple.All hacked accounts were verified and instructed followers to send bitcoin to a specific address in order to receive free bitcoin.“Everyone is asking me to give back, and now is the time,” a deleted tweet from Gates read. Post was not sent - check your email addresses! “I am doubling all payments sent to my BTC address for the next 30 minutes.”A spokesperson for Gates said in a statement that the tweets were not sent by the Microsoft founder and known philanthropist.

The amount they lose is unlimited in theory, but often they are forced to sell their shares when what they owe their broker equals the cash they hold in their account.As TSLA stock rocketed higher, short-sellers were forced out of their positions.

Musk’s bizarre Twitter persona isn’t the only reason to sell TSLA stock right now. Twitter followers of Bill Gates and Elon Musk speculated that their accounts been hacked on Wednesday, as a series of tweets dangled a bitcoin giveaway that looked too good to be true.
“This appears to be a part of a larger issue that Twitter is facing.”But at least one of the bitcoin wallets linked to the tweets has benefited — to the tune of over 12 bitcoin, worth over $110,000 at the current exchange rate, according to bitcoin data provider Blockchain.com.“We are aware of a security incident impacting accounts on Twitter.
It looks unlikely.That, plus the potentially damaging effects of the second wave of COVID-19 and a prolonged economic downturn, and you have a worrying future for the EV market.Disclaimer: The opinions expressed in this article do not necessarily reflect the views of CCN.com. That kind of public gamble with the firm’s stock underscores the fact that Musk doesn’t care at all about shareholders.Musk’s bizarre Twitter persona isn’t the only reason to sell TSLA stock right now. The author holds no investment position in the above-mentioned securities.Accept the use of cookies to read the full article with third party embeds.

Elon Musk, 48, called for the end of 'cancel culture', days after the mother of girlfriend Grimes accused him of 'blaring men's rights activist bulls**t' on Twitter. Elon Musk’s behavior on Twitter shows he doesn’t care about shareholders.


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