01 May Twitter Reacts to Elon Musk’s Jaw-Dropping Tweet
Alex Dovbnya
Tesla CEO Elon Musk tanks his company’s stock by claiming that it’s too high while invigorating another debate around the price of Bitcoin (BTC)
Contents
- Musk agrees
- Another tweetstorm
Tesla CEO Elon Musk has stepped up his Twitter game by tweeting that the company’s stock was “too high.”
Investors were quick to react to the unorthodox statement by pushing Tesla’s shares down 12 percent in the span of one hour.
In response to Musk, whoever behind Bitcoin’s Twitter handle tweeted that BTC price was, in fact, too low.
Musk agrees
As reported by U.Today, the market cap of the leading electric car manufacturer once again surpassed that of Bitcoin back in April.
Bitcoin analyst Tuur Demeester claimed that Tesla’s valuation was “over the top” when compared to BTC. Now, he