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Musk was questioned to use Twitter to "pull the stock price". He released it and deleted it again.

2024-09-17 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)03/28 Report--

In the past year, Tesla has achieved a rise in stock prices by virtue of various "abilities" and has become the highest company in the automobile industry. Recently, Tesla CEO announced via Twitter that it would be able to surpass Apple, which has a higher market capitalization, in a few months. As a result, the message was quickly deleted.

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On March 26th, some analysts believed that Tesla would lose his leading position as more and more multinational companies integrate into the electric vehicle industry. Subsequently, some netizens said that the fully autopilot technology FSD developed by Tesla is the most advanced technology in history, and it is only a matter of time before it surpasses Apple. At the same time, the netizen is also Aite Musk.

In response to this reply, Musk told fans via Twitter on the 27th, "I think Tesla may become the world's largest company," and then added in other responses that "it may be in a few months."

Netizens immediately asked: how long will it take to surpass Apple? Musk replied, probably in a few months.

But soon, Musk deleted the second reply, which may be the second tweet that will provide guidance for the growth of Tesla's market value, which will have a greater impact on the stock price.

Although the reply was deleted quickly, screenshots have already gone viral on Twitter.

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It is understood that the Securities and Exchange Commission (SEC) has previously disputed Musk's various comments made through Twitter. In 2018, Musk tweeted that Tesla would be privatized at $420 a share and claimed that funds had been found for privatization. Eventually, Musk was charged by the Securities and Exchange Commission (SEC) when the share price rose 6%.

As a result, Tesla reached a settlement by paying a fine of 20 million US dollars. But in early 2019, Musk posted data on his production via Twitter, and SEC asked the court to hold him in contempt of court and violated the settlement agreement on the grounds of violating the agreement.

In the end, Musk reached a settlement without a fine by imposing more specific and stricter restrictions on his behavior.

Musk, who has always been fond of "wild words", quickly deleted the article, making the outside world think that he was worried about breaking the rules again. After all, for Musk, he rarely takes the initiative to delete tweets.

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As to when to overtake Apple, Tesla's total market capitalization closed at $593.9 billion as of March 26, and the current share price was back more than 30 per cent from the year's high of $900m. Apple currently has a total market capitalization of $2.03 trillion, and its share price is now trading at a peak of nearly 20% from the year's high of $144, stronger than Tesla. It means that in order to catch up with Apple's total market capitalization, it is obviously not easy for Tesla to rise by another 233% in the current environment where the stock price remains the same.

It is worth mentioning that Musk's reply was after the trading hours of the stock market and did not cause significant fluctuations in the stock price of the day.

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