The price of US Tesla shares has slumped after chief Elon Musk tweeted that the company's
The price of US Tesla shares has slumped after chief Elon Musk tweeted that the company's "stock price is too high".

Tesla stock slides after Musk price tweet

Tesla chief Elon Musk has posted several tweets, including one saying the electric car maker's stock was overpriced, that lead to a nearly 12-per-cent sell off on US markets.

Tesla stock dropped from an intra-day high of nearly $US770 to $US690 on the tweets.

"Tesla stock price is too high imo," Musk said on Twitter, using an abbreviation for in my opinion. Two minutes earlier he said: "I am selling almost all physical possessions. Will own no house."

Minutes later, he tweeted on the coronavirus shutdowns, reiterating his position that the country should reopen.

"Now give people back their FREEDOM," a tweet said. Earlier in the week he dubbed as "fascist" some of the stay-at-home rules imposed by state and local governments.

On Friday, Musk also began to tweet a thread of the words to the US national anthem, ending with a question mark.

Musk's Twitter habits have in the past landed him in trouble with US regulators, with one case still ongoing.

Originally published as Tesla stock slides after Musk price tweet


Disability access works near completion in Gatton

Premium Content Disability access works near completion in Gatton

The construction coincides with International Day of People with Disability

Young motorcyclist killed on highway near Toogoolawah

Premium Content Young motorcyclist killed on highway near Toogoolawah

A person has died after a two vehicle crash last night. DETAILS HERE:

IN COURT: Drug user’s ‘stiff fine’ doesn’t deter bad habit

Premium Content IN COURT: Drug user’s ‘stiff fine’ doesn’t deter bad habit

A Lockyer Valley drug user has not been deterred by a previous “stiff fine”...