Elon Musk, the billionaire and CEO of Tesla Motors has been going through a bit of a hard time lately as he keeps tweeting, much to the frustration of anyone who owns stock in Tesla. Between the SEC settlement issue and the statements made against the Thai cave rescue diver, it's been pretty bad for both Elon Musk and the share price of Tesla.
More recently, Musk has decided to yet again Tweet about SEC, the Shortseller Enrichment Commision. In the tweet, you can really feel how it comes off as mocking the organization for their side of the story and how it all got handled, which ended in a settlement of $40 million. It's also worth mentioning that he attempted to take a stab at the name of SEC for some reason.
What followed was both sad and what could have been a huge eye-opener for Musk. Some users decided to express their anger of how the share price of Tesla Motors has been falling in what could arguably be Musk's fault. In fact, just six months ago, the price was $299 USD, while it currently sits at $261 USD.
there are a bunch of people replying to elon musk begging him to stop tweeting because every time he does, they lose all their money. pic.twitter.com/uKfmlZmBbS— mmmmm, breens 🧟♂️ (@isaiah_kb) October 4, 2018
Some people even mentioned that they lost decades of life savings and feel that Elon Musk needs to start acting more appropriately. They say this because Musk is the leader of several large-scale companies that have easily got millions in investors' funds.
Another user said that they didn't have a lot of money, but invested in Tesla. However, since Musk started this Tweet mania stuff, they've seen months of losses. The user then pleaded that the former Tesla head should think about the small people when he Tweets things that might not be perceived well.
This has negative consequences for everyone involved when you think about it. The most notable of which is that people will eventually stop investing in a company that has leaders who might make the price go down.
Then we have to look at the obvious part. He's essentially reminding people of bad instances when he mocks the situations. Although, this can be attributed to everyone involved. When they like, retweet or comment on it, they're giving the post fuel to survive the fire.