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BEIJING, CHINA - APRIL 21: CEO of Tesla Motors Elon Musk attends a television show "Dialogue" taping at Zhongshan Park on April 21, 2014 in Beijing, China. (Photo by VCG via Getty Images)

Elon Musk Sends Out One “420” Tweet and the Stock Market Goes Crazy

Elon Musk said he’s thinking about bumping Tesla’s stock to $420 per share, but the bizarre number has people wondering…was he just making a weed joke?

Aug 16, 2018 - Zack Fenech

BEIJING, CHINA – APRIL 21: CEO of Tesla Motors Elon Musk attends a television show “Dialogue” taping at Zhongshan Park on April 21, 2014 in Beijing, China. (Photo by VCG via Getty Images)

BEIJING, CHINA - APRIL 21: CEO of Tesla Motors Elon Musk attends a television show "Dialogue" taping at Zhongshan Park on April 21, 2014 in Beijing, China. (Photo by VCG via Getty Images)

BEIJING, CHINA – APRIL 21: CEO of Tesla Motors Elon Musk attends a television show “Dialogue” taping at Zhongshan Park on April 21, 2014 in Beijing, China. (Photo by VCG via Getty Images)

On August 7, Elon Musk, the co-founder of Tesla, SpaceX, and PayPal, shared via his personal Twitter account that he was considering privatizing Tesla while raising the company’s stock at a starting price of $420 per share. Seeing as 420 holds very special significance for at least some people (ehem, you know who you are), nobody was quite sure whether Musk was serious—especially considering his erratic behavior on Twitter lately. 

In July, Musk called a diver assisting with the Thai soccer player rescue effort a ‘pedo guy.’ Musk issued a public apology after removing the tweet. Earlier last year, Musk called Portland-based urban planner and author Jarrett Walker a “sanctimonious idiot,’ before issuing an apology.

If Musk was serious about his stock proposal, it would increase the value of the company’s shares by $93, a 10 percent increase from its current stock market value which sits at approximately $357 per share. 

Elon Musk Proposed Pricing Tesla Stock At 420 And No One Could Tell If He Was Serious 0 Two Men Weighed Cannabis on an NYPD Squad Car in Brooklyn—and Police Found the Video
FREMONT, CA – SEPTEMBER 29: Tesla CEO Elon Musk speaks during an event to launch the new Tesla Model X Crossover SUV on September 29, 2015 in Fremont, California. (Photo by Justin Sullivan via Getty Images)

An official statement about the matter, penned by Elon Musk himself, was sent as an e-mail to all Tesla employees and subsequently posted on the company’s website. The report explained that while Musk had made no concrete decisions, the plans for the company were genuine and are currently being considered. 

Elon Musk’s reasoning behind the proposal was that the option is best for the company’s productivity and an even better choice for its employees, all of whom own Tesla stock. He stated further that the decision would be at the hands of its shareholders, who he intends to let vote on it. Still, that number—of all numbers—has some people skeptical. 

Does Elon Musk even smoke pot? We don’t know, but the future-obsessed entrepreneur loves burning something


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Last month, investors started speculating about whether Elon Musk smokes weed after he said he was taking Tesla private at $420 a share. Now the rumors have been confirmed and his company is taking a big hit.

Engineer and tech entrepreneur Elon Musk of The Boring Company listens as Chicago Mayor Rahm Emanuel talks about constructing a high speed transit tunnel at Block 37 during a news conference on June 14, 2018 in Chicago, Illinois. Rumors surfaced last month that Elon Musk smokes weed, sparking concern among investors. After the rumors were confirmed on Friday, Tesla’s stock plummeted. (Photo by Joshua Lott/Getty Images)

Elon Musk’s weed joke had a lot of folks speculating about the techie’s love of herb.

Elon Musk, CEO and CTO of SpaceX, CEO and product architect of Tesla Motors, and chairman of SolarCity, attends the Allen & Company Sun Valley Conference on July 7, 2015 in Sun Valley, Idaho. Recently, Elon Musk’s weed joke sent investors into a panic. (Photo by Scott Olson/Getty Images)


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