Musk’s ＂drug-taking＂ push, Tesla’s market value evaporated by more than 10 billion US dollars.

Tesla fell more than 10% on Friday, and its market value evaporated by more than 10 billion US dollars. Before that, Musk said that Tesla’s share price was too high.

Musk released a series of strange tweets on Friday, which even made investors think that Musk’s account was stolen.

At first, Musk claimed that he would sell "almost all tangible property, and there would be no house".

But what really has a negative impact on Tesla’s stock is his next tweet. He said, "In my opinion, Tesla’s stock price is too high." This led investors to sell Tesla shares sharply. Some investors think that he is selling Tesla shares, while others think that his account has been hacked.

Four minutes later, Musk said that the United States should "restore people’s freedom".

Then, Musk began to send star-spangled banner lyrics.

Judging from Musk’s consistent "outspoken", such remarks are also normal. Musk even lost the position of chairman because of privatization remarks.

When asked if Twitter’s comments about Tesla’s share price were censored or just a joke, Musk said "no". It is worth noting that Musk had previously agreed with the US Securities and Exchange Commission (SEC) that public speeches on Tesla’s finance and other topics would be submitted to his legal counsel for review.

The SEC declined to comment on Tesla CEO Musk’s tweet about "Tesla’s share price is too high". Although Tesla’s share price fell on Friday, it has still risen by more than 40% since May 1, 2019.

The government’s behavior is "fascism"

Musk also criticized the California government’s home order, which forced him to close Tesla’s factory in fremont, California.

Musk has always been "outspoken" about the coronavirus pandemic. He told investors in the company’s earnings conference call on Wednesday that the local asylum order "forcibly imprisoned people at home, which violated constitutional rights" and even called the government’s behavior "fascism".

Musk said he was worried that the factory in fremont, California would not be able to resume operation, and said that this possibility should be regarded as a "serious risk". Tesla initially said that the factory would continue to operate despite the local asylum order, but then the government said that the production of cars could not be regarded as a necessary business. Six counties, including Alameda (where the Tesla factory is located), recently extended the local asylum order until the end of May.

Previously, Tesla unexpectedly "immunized" in the first quarter and made a profit for the third consecutive quarter. Tesla’s revenue in the first quarter increased from $4.54 billion in the same period last year to $5.99 billion, and the market expectation was $5.90 billion. Excluding special items, Tesla earned $1.24 per share, compared with a loss of $2.90 in the same period last year. The market expects a loss of 36 cents per share.

(Cailian Wu Bin)