Elon Musk has managed to wipe out $14 billion off Tesla's market value after tweeting that its share price was overly expensive.
“Tesla stock price too high, imo,” he wrote on Twitter, adding that he wanted to sell his possessions, including his house.
Shares of Tesla tumbled nine per cent on Friday and even knocked $3 billion off Musk's own stake in the electric carmaker.
Back in 2018, Musk's tweet about Tesla "going private, funding secured" at $420 a share had cost him his role as chairman.
H.H. Sheikh Mohammed highlights expansion of economic ties with Africa
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has emphasised the UAE's commitment to strengthening economic ties with African nations.
Abu Dhabi Airports posts strong passenger, cargo growth
Abu Dhabi Airports has reported its 18th consecutive quarter of double-digit passenger growth.
New deal with Microsoft values OpenAI at $500 billion
Microsoft and OpenAI reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and giving it more freedom in its business operations.
Apple races past $4 trillion market value
Apple topped $4 trillion in market value for the first time on Tuesday, the third Big Tech company to hit the milestone, as robust demand for its latest iPhone models allayed fears over its slow progress in the AI race.
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