$950 Million Short_ The Tweet That Shook Tesla

On November 6, 2021, Elon Musk posed a simple question to his Twitter followers: Should he sell 10% of his Tesla stock? What followed was a staggering response, with over 3.5 million votes cast, and nearly 58% agreeing that he should sell. Just a few days later, Musk acted on the poll results, selling nearly $5 billion worth of Tesla shares. But what was the impact of this decision on Tesla's stock price and the investors who held on hopeful?Let’s break it down. On November 9, just three days after the poll, Tesla's stock plummeted by 12%. In the span of just two days, investors watched in disbelief as Tesla’s market capitalization shrank by about $175 billion. Yes, you heard that correctly – $175 billion, just wiped off the table, all thanks to a combination of Musk's tweet and his stock sale.Become a supporter of this podcast: https://www.spreaker.com/podcast/conspiracy-theories-exploring-the-unseen--5194379/support.