Tesla shares tumble as Musk says company’s stock is overvalued
By DW
04 May 2020 |
11:00 am
The share price of the US electric-car maker nosedived by around 10% at the end of the trading day after Tesla's CEO tweeted that the company's price was "too high." Elon Musk is also critical of the COVID-19 lockdown.
In this article
Related
26 Apr 2021
SpaceX launched its third crew to the International Space Station, recycling a rocket and spacecraft for the first time. "I think that's one of those things that gets people fired up", says founder Elon Musk.
14 May 2021
Last year, France Télévisions reporter Arnauld Miguet became the last remaining Western journalist in Wuhan, as the Chinese city experienced 133 days of the world's most restrictive Covid-19 lockdown. From the early rumours of a mysterious new virus, to the challenges of reporting in a ghost town, Miguet's new book "133 jours à Wuhan" offers a unique perspective on the early days of the global pandemic. He shared his experience with Haxie Meyers-Belkin.
3 Nov 2021
We look at reactions to several key elections in the US. Papers in the UK and France report on the situation for migrants in Calais, five years after the dismantling of the "Jungle" migrant camp. As Madagascar faces the world's first famine caused by climate change, billionaire Elon Musk challenges the World Food Programme. We also explain why women should stop working for the rest of the year, while Norway's women's beach handball team finally gets to wear shorts!
11 Nov 2021
The world's richest man sold about 900,000 shares of his company Tesla after asking Twitter followers whether he should sell 10% of his stocks. But documents showed the sale was put in motion much before the poll.
15 Nov 2021
The billionaire CEO of the electric car maker has taken advantage of a nearly six-month meteoric rally in the stock price that vaulted the firm's value to over $1 trillion.
14 Jan 2022
Enes Kanter Freedom is a Turkish-born basketball player who is now a US citizen and plays for the Boston Celtics. He is also a human rights activist. In an interview with FRANCE 24, Freedom criticised billionaire entrepreneur Elon Musk for opening a Tesla showroom in China's Xinjiang region, where the minority Uighurs are persecuted. He also accused Nike – the NBA's main sponsor – of "modern slavery" in China. Ahead of the Beijing Olympics, Freedom called on athletes to make their voices heard, saying the diplomatic boycott was "good but not enough".
5 Apr 2022
Find these stories and much more when you grab a copy of The Guardian on Tuesday.
5 Apr 2022
Tesla CEO Elon Musk has bought a roughly 9-percent stake in Twitter. Media reports say he is now the largest shareholder in the social-media company. A US Securities and Exchange Commission filing shows Musk owns over 73 million Twitter shares representing a 9.2-percent stake.
11 Apr 2022
It's been a big week for the world's richest man, Elon Musk. Not only has he inaugurated Tesla's new "gigafactory" in Texas, but he's also officially become Twitter's biggest shareholder. But did he do it for the memes, or does he intend to truly transform Twitter and the social media landscape as a whole? FRANCE 24's Tech Editor Peter O'Brien gives us his take.
14 Apr 2022
Billionaire and avid platform user Elon Musk has made an offer to purchase 100% of the shares for the social media giant.
Elon Musk offers to buy Twitter For $43.4 Billion, 106 Persons buried in Plateau attack- LG Chairman
15 Apr 2022
Find these stories and much more when you grab a copy of The Guardian on Friday.
19 Apr 2022
We take a closer look at the bid by the world's richest man to buy Twitter for $43 billion. Elon Musk would need the backing of major investment firms for the hostile takeover. We explore what a potential purchase could mean for free speech on Twitter and find out why Musk's asking price may have a drug-related reference. Also on the show, we report on why the price of fertilisers is skyrocketing and we get the latest on a fuel shortage in Kenya.
Latest
1 day ago
Remittance flows to Africa are a driver of recovery in the continent. Such transactions are still expensive but digital services are spurring on the market.
1 day ago
The US dollar dominates the world of international trade and has a leading position in global foreign reserves. But could the Chinese Yuan or cryptocurrencies pose a challenge? This edition of Business Beyond considers the pros and cons of having a single currency with so much power.
1 day ago
Jeff Woodke, an American aid worker who was held hostage by militants in Niger for more than six years, has been released, along with French journalist Olivier Dubois, who was kidnapped by militants in 2021 in neighboring Mali. Woodke and Dubois appeared together before reporters in Niger's capital Niamey on Monday.
1 day ago
The US human rights report has no immediate implications but supports calls for prosecuting allegations of war crimes, after finding all parties to the two-year war complicit.
1 day ago
The declassified materials are believed to point at links between the COVID outbreak and a Chinese laboratory. Biden vowed not to disclose information deemed harmful to national security.
1 day ago
With food and fuel prices soaring and a currency in freefall, many young Nigerians are worried they will never experience financial stability. But is the situation really hopeless? We ask young entrepreneurs and business owners in Abuja how they are securing their future against the odds.