Tesla CEO Elon Musk on concerns over resuming production in the Bay Area amid the coronavirus pandemic.
Tesla CEO Elon Musk thinks the company’s stock price has gotten out of control.
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Shares of the Palo Alto, California-based electric-car maker had soared 87 percent this year through Thursday, dramatically outperforming the benchmark S&P 500. Tesla’s market capitalization was about $140 billion before selling off on Friday.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TSLA | TESLA INC. | 729.14 | -52.74 | -6.75% |
“Tesla stock price is too high” in my opinion, tweeted Musk, who could cash in if the company maintains a market capitalization above $100 billion.
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