Seems Pretty Clear That if Anything Is ‘Too High’ It’s Elon Musk

Tim Higgins, reporting for The Wall Street Journal (+):

The latest episode on Twitter began Friday, at 8:10 a.m. California time where Tesla is based, Mr. Musk wrote on his verified Twitter account: “I am selling almost all physical possessions. Will own no house.” A minute later, he added: “Tesla stock price is too high imo” — an abbreviation for “in my opinion.”

Tesla shares, which had closed Thursday at $781.88, an 82% gain for the year, were down more than 9% in midday trading Friday after the Twitter messages. […]

Because of his history on Twitter, he is required by a court settlement to vet any message that might be material to Tesla, though the definition of what exactly must be reviewed has been a subject of dispute. Asked whether he was joking or if he’d had his tweet vetted before posting it, Mr. Musk told The Wall Street Journal in an email simply: “No.”

Pretty sure these should have been “reviewed”.

Friday, 1 May 2020