• Controversy.Musk says that the confinement of the population is "fascist"
  • Results. Third consecutive quarter of benefits

Elon Musk, the controversial founder of Tesla, has once again uncovered the thunder box by publishing a tweet in which he claimed that the value of the company's shares was "too high." No more was needed: the titles, which were at that time at $ 760.23, fell rapidly to $ 718.

Musk's message came just two days after the company announced that between January and March 2020 it had achieved, in addition to a record sales, $ 16 million in profits. In fact, this is the third consecutive quarter with earnings and the first time it has achieved this at the start of the year. Furthermore, he did not miss the opportunity to launch a furious criticism of the state of confinement, which he described as fascist and forced incarceration of the population.

It is not, in any case, the first controversy of Musk on account of the value of Tesla. In the summer of 2018, and also through Twiter, he announced his intention to convert it into a private company, out of listing. "I have the funds insured" for this, he said, setting the time of purchase when the shares cost $ 420. That altered his price, which ended up collapsing days later when he confessed that he did not have those funds.

"It is important to protect the company from attacks" suffered by listed companies, he explained to his workers. But what followed was a securities fraud lawsuit by the SEC, the US stock regulator. A month later, they reached an agreement under which Musk resigned from being president of Tesla for three years, although he would remain as CEO. Aside from paying a $ 20 million fine. Subsequently, he promised that he would consult all messages of this type before publishing them with his legal advisers. The SEC has yet to comment on the latter.

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