Elon Musk said that Tesla will overtake Apple and become the largest company in the world

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 out of its place. The mask is not occupied with confidence in his offspring, and he has thrown loud statements more than once in the past, so such statements are not new.

Musk tweeted the following 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 2018, 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. On that day, the company’s shares jumped 6%. Then Musk and Tesla separately paid a $ 20 million fine.

In early 2019, Musk again found himself in a similar situation when he tweeted about Tesla’s performance indicators, which the SEC said was a violation of the terms Musk agreed to after the previous incident. After that, it was decided that Tesla is 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 2020, he wrote that Tesla’s stock price was too high, to which the market responded with a 10 percent drop in the stock’s value, which lowered Tesla’s market value by more than $ 13 billion. In addition, Musk commented on the prices of cryptocurrencies on her Twitter, which influenced their rates, but already in a positive way.

Yesterday, the US National Labor Relations Board ordered Tesla to instruct Musk to remove past tweets that the federal agency deemed threatening to employees. As of now, this order has not yet been executed.

If you notice an error, select it with the mouse and press CTRL + ENTER.

Leave a Comment