One day in 2018, Elon Musk, the founder of SpaceX and Tesla, published a post on his Twitter page: “I’m thinking about turning Tesla into a private company with [share buyback from shareholders for] $ 420.” Reported by Bloomberg. Such a statement caused an increase in stock prices, but it quickly stopped.
The U.S. Securities Commission opened a criminal case against the applicant and accused him of fraud. The statement indicated that Elon Musk misled investors.
The businessman did not accept the accusation, but on the contrary claimed that he was always honest.
By the end of 2019, Tesla’s stock price still reached a historic high of $ 420 apiece.
Swiss analysts at Credit Suisse and investment bank Oppenheimer spoke positively on this subject, which also served as a positive response among investors. It is worth noting the fact that new electric cars are leaving the conveyors of the plant in Shanghai.