Tesla CEO Elon Musk tweets that 'coronavirus panic is dumb'

This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEG251ZA_L.jpg

(Reuters) – Tesla (NASDAQ:) Inc’s Chief Executive Officer Elon Musk tweeted on Friday that the coronavirus “panic” was “dumb”.

The number of people infected with coronavirus surpassed 100,000 across the world on Friday. The outbreak has killed more than 3,400 people and spread across more than 90 nations, with six countries reporting their first cases.

Stock markets have plunged and concerns have led to shortages of face masks, disinfectant and other items. Companies across the world are changing the way they work, asking and requiring employees to work from home, for instance, and stopping corporate travel.

Tesla stock is down more than 20% since the news of the virus outbreak triggered a broader sell-off in the stock market around mid February.

Billionaire Musk, with more than 30 million followers, has a history of being outspoken on his Twitter account, one of corporate America’s most-watched.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment