Tesla Shares Plummet Following Elon Musk's 'New York Times' Interview
The stock fall is on track to be the company’s worst yet.
Tesla shares have fallen 8.9 percent today following a recent interview Elon Musk had with The New York Times, signifying a 15-percent decrease since Musk tweeted about taking the electric car manufacturer private.
In the interview, Musk remarks that the last three years with the company has been “excruciating” and “the most difficult and painful” of his career. He also notes that he and members of the board are slated to meet with SEC officials next week following its investigation and subsequent subpoena after making his privatization tweets. NYT reported that the board is concerned about Musk, his use of Ambien, and his recreational drug activities, which could be fueling the troublesome tweets he’s been making.
In other tech news, Google is reportedly opening a Chicago retail store.
$TSLA down as Elon Musk’s tweet saga gets worse and worse https://t.co/vQrHPdhE5f pic.twitter.com/zx2jsAzHFj
— Bloomberg (@business) August 17, 2018
