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Elon Musk said that Tesla will overtake Apple and become the largest company in the world
Tesla CEO Elon Musk said today that his company has a chance to become the largest company in the world by value, thereby pushing Apple. The mask is not occupied with confidence in his brainchildren, and he has thrown loud statements more than once in the past, so such statements are not new.
Musk tweeted today, «I think Tesla’s chances of becoming the world’s largest company are above zero,» and then added, «This is likely to happen in the coming months.». The second tweet was later deleted, but screenshots with it remained on the Internet forever.
Recall that the US Securities and Exchange Commission previously clashed with Musk and Tesla over the inappropriate use of Twitter. In the third quarter of 20221, Musk was charged with securities fraud after tweeting that he planned to buy back Tesla shares at $ 420 apiece and had already received funding for this. The company’s shares jumped 6% that day. Then Musk and Tesla separately paid a $ 20 million fine.
Already in early 2021, Musk again found himself in a similar situation when he tweeted about Tesla’s production numbers, which the SEC said was a violation of the terms Musk agreed to after the previous incident. After that, it was decided that Tesla was obliged to approve all written messages about the company published by Musk on any resources.
Most recently, one of Tesla’s shareholders sued the company, claiming that Musk’s tweets cost the company’s shareholders billions of dollars. For example, in May 2021, he wrote that Tesla’s share price was too high, to which the market reacted with a 10 percent drop in the value of securities, which reduced Tesla’s market value by more than $ 13 billion. In addition, Musk commented on the prices of cryptocurrencies on his Twitter, which influenced their rates, but already in a positive direction.
Yesterday, the US National Labor Relations Board ordered Tesla to instruct Musk to remove past tweets the federal agency deemed threatening to employees. As of now, this order has not yet been executed.