Musk's Controversial Tweet: "Tesla to Become Largest Company Within Months"
After posting a tweet, remove the expression 'within a few months'
The market capitalization gap between Apple and Tesla widens further
[Asia Economy New York=Special Correspondent Baek Jong-min] Elon Musk, CEO of Tesla, tweeted that Tesla would become the world's largest company within a few months but later deleted part of the tweet. Contrary to Musk's hopes, the market capitalization gap between Apple and Tesla continues to widen.
On the 26th (local time), Musk tweeted implying that Tesla could surpass Apple and become the largest company within a few months, but he immediately deleted the phrase "within a few months," according to CNBC and other media.
A Twitter user mentioned Tesla's Full Self-Driving (FSD) feature that day and posted, "Tesla will become bigger than Apple," to which Musk replied jokingly, "I think the chance of Tesla becoming the biggest company is greater than 0%."
When another netizen encouraged the reply "greater than 0%," Musk added, "Probably within a few months," but suddenly deleted only that part.
The Washington Post (WP) pointed out, "Musk boasted that Tesla would be the biggest company within a few months but deleted the tweet." Bloomberg noted that Musk, who had been investigated by the SEC over past tweets, "did something unusual and rare." Musk was sued by the SEC and fined in August 2018 for the 'Tesla going private' tweet incident.
As Tesla's decline deepens recently, the valuation gap between the two companies is expanding. Tesla's stock price continued its weakness, hitting $600 intraday and closing at $618.71, down 3.39% from the previous day. Apple closed on an upward trend.
On this day, Apple's market capitalization was $2 trillion, while Tesla's was about $600 billion. Considering the market cap gap, it is not easy for Tesla to surpass Apple within a few months.
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WP reported, "Tesla investors posted on social media urging the purchase of Tesla stock, saying the SEC should not pay attention to the tweet Musk deleted."
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