Elon Musk should probably just throw away his phone and uninstall Twitter, instead of throwing away Tesla shares and other physical belongings to make a point.
Tesla CEO Elon Musk’s childish comments on Twitter cost the electric car-maker and its shareholders dearly. Here are 10 times Elon Musk and Tesla got in trouble for the former's tweets.
1. MUSK VS BERNIE SHOWDOWN OUTS TESLA FROM US$ 1 TRILLION CLUB
Tesla became the 6th company in the US to reach the $1 trillion mark in October. But Elon Musk’s Sunday Twitter war with Congressman Bernie Sanders on 'tax the rich' debate cost the car-maker some of the gains. We still can’t understand why the world’s richest man would be so averse to paying taxes.
I keep forgetting that you’re still alive— Elon Musk (@elonmusk) November 14, 2021
2. US$ 162 MILLION LAWSUIT: ONLINE MISTAKES COME BACK TO BITE
Investment bank JP Morgan sued Tesla and Elon Musk for $162 million for the latter’s 2018 tweets, claiming that the car-maker defrauded them. The issue began when Elon Musk, in 2018, tweeted that he would make Tesla private, resulting in volatile share prices.
Am considering taking Tesla private at $420. Funding secured.— Elon Musk (@elonmusk) August 7, 2018
3. ELON MUSK REMOVED AS BOARD CHAIR OF TESLA
The infamous 2018 tweet also cost Elon Musk his position as the Tesla board chairperson. The Securities and Exchange Commission said that Musk’s ‘going-private’ tweet was market-moving.
4. SELLING STOCKS BASED ON TWITTER POLL
We don’t know if Elon Musk is winning the argument on the tax-the-rich debate. Before Tesla lost more gains after Bernie controversy, he had lost some more when he hit out at another Congressman, Ron Wyden. Musk let a Twitter poll decide whether he should sell 10% of his Tesla shares and well, the poll said he should. And there went the Tesla share prices plummeting.
Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.Do you support this?— Elon Musk (@elonmusk) November 6, 2021
5. LOL? ELON MUSK’S TWEETS COST HIM ‘WORLD’S RICHEST MAN’ TITLE
In February, Elon Musk slipped to the second spot on Bloomberg’s richest people list. It was mostly due to a dip in Tesla’s value triggered by Musk’s tweet that Bitcoin prices were rising too much too soon. This comment came just days after Tesla added its Bitcoin assets to the balance sheet. We wonder whether Musk hates his own Tesla?
That said, BTC & ETH do seem high lol— Elon Musk (@elonmusk) February 20, 2021
Anyway, Elon Musk is back to the number one spot as the word’s richest person.
6. LOW ENOUGH? MUSK WIPES OFF $14 BILLION FROM TESLA VALUE
Elon Musk in 2020 tweeted that Tesla’s share prices were a bit too high. And poof, $14 billion gone from Tesla’s market value. It may not have bothered Musk to lose a few billions but other shareholders were not happy.
Tesla stock price is too high imo— Elon Musk (@elonmusk) May 1, 2020
7. MUSK’S DUMB AND DANGEROUS COVID TWEETS
The billionaire genius Elon Musk fuelled Covid ignorance in the US and the world with his tweets. From calling the Covid panic ‘dumb’, claiming falsely that children are immune, criticising stay-at-home orders, to wrongly predicting a decline in cases in the US, Musk led his 63.8 million followers down a dangerous path.
The coronavirus panic is dumb— Elon Musk (@elonmusk) March 6, 2020
8. CALLS RESCUE DIVER ‘PEDO GUY’
Elon Musk was sued for defamation by a British cave diver for the billionaire’s ‘pedo guy’ comment. Musk won the suit and wasn’t charged for the damages. But wonder what gives Musk the right to falsely brand a person pedophile, when he himself hung out with Ghislaine Maxwell, who stands accused of sex-trafficking in the Jeffrey Epstein case.
Elon Musk deletes tweet accusing diver in Thai rescue of being a pedophile. For those who missed it, here it is again pic.twitter.com/xQ0q22ee31— zerohedge (@zerohedge) July 15, 2018
9. THE TIME HE SAID KANYE WEST (NOW 'YE') FOR PRESIDENT
Elon Musk has quite the following and influence, no doubt. But if his influence wins the American rapper ‘Ye’ the position of the US President, not many are likely to appreciate it.
You have my full support!— Elon Musk (@elonmusk) July 5, 2020
10. PRONOUNS SUCK BUT NOT CRYPTIC NAMES
Elon Musk says he supports trans people, but can’t understand the pronouns. What about the crazy names of his children?
Pronouns suck— Elon Musk (@elonmusk) July 25, 2020
We don’t know if Elon Musk thinks he’s the billionaire bad boy troll and an incarnation of Tony Stark, but it’s worth a thought about who’s really getting trolled.
(PS: Do you think Musk is probably to Tesla what Donald Trump was to the US?)