Elon Musk wiped $14,000,000,000 off Tesla's value with this seven word tweet
Since Elon Musk joined Telsa as its largest shareholder in 2004 and later became chief executive officer in 2008, the automotive company has skyrocketed in value.
Today, the company behind the infamous Cybertruck is worth $746.55 billion on the stock market.
But Musk once issued a seven-word complaint on Twitter that knocked a jaw-dropping $14 billion off its value.
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With a net worth of $257.3 billion, Elon Musk is the richest person in the world, but his rise to success hasn't come without its controversies.
In 2018, he made an incorrect claim that he was close to a buyout of Tesla, leading to a complaint from the US Department of Justice.
In a settlement, the billionaire had to agree not to issue market-moving statements in the future without clearing them with the company's legal department.
The pre-approval was related to communications 'made in any format, including, but not limited to, posts on social media (eg Twitter).'
Two years later, the SpaceX founder ran into trouble again after complaining about Tesla's stock price on Twitter, now known as X.
"Tesla stock price too high imo," he typed to his 33 million followers at the time.
The candid outburst reportedly caused Tesla share prices to dramatically sink.
At the time, CNBC reported that Tesla shares dropped as much as 12 percent before closing down to 10.3 after the tweet.
Meanwhile the BBC reported that a whopping $14bn had been knocked off the carmaker’s value, also wiping $3bn off Musk’s own stake in Tesla.
Musk later admitted to the Wall Street Journal that his damaging post had not been looked over by the company before he posted it.
Following the message, Daniel Ives, an analyst at Wedbush Securities told Reuters: "We view these Musk comments as tongue in cheek and it's Elon being Elon.
"It's certainly a headache for investors for him to venture into this area as his tweeting remains a hot button issue and [Wall] Street clearly is frustrated."
But, that was certainly not the end of Musk's problematic behavior online.
Earlier this month, Taylor Swift publicly endorsed Democratic candidate Kamala Harris, and her running mate Tim Walz, for the upcoming presidential election.
The 'Cruel Summer' singer explained that she felt the need to share her voting intentions publicly after an AI-generated image of her seemingly supporting Trump was shared online.
Musk weighed in with a bizarre X post, writing: "Fine Taylor … you win … I will give you a child and guard your cats with my life."
The post received a lot of backlash, with people calling his comment 'weird' and 'bizarre.'
Even Musk's own daughter Vivian Jenna Wilson weighed in, calling it 'heinous incel nonsense.