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It Looks Like A Single Tweet From Elon Musk Boosted Tesla By 5%

Matthew DeBord   

It Looks Like A Single Tweet From Elon Musk Boosted Tesla By 5%
Stock Market1 min read

Elon Musk

REUTERS/Lucy Nicholson

Tesla closed on Thursday up 5%, at $251. Shares had spent the week sliding.

Then CEO Elon Musk tweeted on Wednesday night about some called "D" (probably the all-wheel-drive version of the company's Model S sedan). Whatever it is, it will be unveiled on Oct. 9, along with "something else," Musk said.

Tesla Model S tweet

Screenshot via Twitter

You could argue that Musk set off Tesla's decline with his own comments about the stock being overvalued. And with one tweet and a photo, he appears to have stopped the bleeding.

Tesla Screen Shot

Screenshot via Yahoo Finance

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