[ad_1]
Tesla shares fell as much as 4.6% late Friday morning. (Deposit)
Does Tesla Inc. have the potential to become a trillion dollar company? It’s a notion that prompted Elon Musk to tweet early on Friday, only for the billionaire to do something pretty rare for him: delete a post.
The exchange began with a tweet from an account that regularly features promotional items about Tesla and “Full Self-Driving,” a package the company sells along with its Autopilot driver assistance system. The often-called FSD feature suite is controversial due to Tesla’s mixed messaging – the company tells drivers who use it to be fully attentive.
“FSD is the most important thing there is,” user @WholeMarsBlog wrote. “Tesla is going to be bigger than Apple.”
I think there is> 0% chance that Tesla is the biggest company
– Elon Musk (@elonmusk) March 26, 2021
Musk, the CEO of Tesla, replied that he thinks there is “> 0% chance that Tesla is the biggest company”. After another user wrote that they liked “the direction of that arrow,” Musk replied, “Probably in a few months.”
Musk then quickly deleted that last post. It’s unclear if he thought of sending it better or if he was asked to remove the tweet.
Tesla shares fell as much as 4.6% late Friday morning. The stock was down 3.7% as of 12:55 p.m. in New York City.
As part of a settlement reached with the U.S. Securities and Exchange Commission in 2018 over Musk’s tweets about the company’s privatization, Tesla agreed to employ a securities attorney to review executives’ posts on social networks and ensure that they comply with disclosure policies and procedures. Tesla has also agreed to oversee Musk’s communications, in particular, and to pre-approve anything that contains information to the company or shareholders.
Hours before the exchange on Friday, the National Labor Relations Board ruled that Tesla had repeatedly violated U.S. labor law and had to force Musk to delete a tweet in which he threatened to punish workers if they did. unionized. He hasn’t landed this job yet.
With a market capitalization of around $ 600 billion, Tesla has a long way to go to grow Apple Inc. as the world’s largest company. The iPhone maker’s market value is around $ 2 trillion.
(Except for the title, this story was not edited by NDTV staff and is posted from a syndicated feed.)
[ad_2]
Source link