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.
Emirates Group posts record $3.3 billion half-year profit
The Emirates Group has announced a record profits of AED 12.2 billion ($3.3 billion) for the first six months of 2025, driven by strong travel demand "despite geo-political events and economic concerns in some markets".
US orders 10% flights cut at major US airports due to shutdown
US Transportation Secretary Sean Duffy has said he would order a 10 per cent cut in flights at 40 major airports, citing air traffic control safety concerns as a government shutdown hit a record 36th day.
H.H. Sheikh Mansoor highlights sustainability, innovation at Gulfood Manufacturing
His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, President of the UAE National Olympic Committee, has officially inaugurated the 11th edition of Gulfood Manufacturing at the Dubai World Trade Centre.
Dubai Chamber of Commerce welcomes over 53,000 new companies
The Dubai Chamber of Commerce has announced strong performance figures for the first nine months of 2025, reinforcing its role in driving economic growth and supporting the Dubai Economic Agenda (D33).
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