Elon Musk tweets and Tesla shares increase 3%.
It's 3 pm EST on February 11, 2015. Investors have their terminals cued to decrypt the letter to shareholders from Tesla Motors (NASDAQ:TSLA), after-market. The conference call is set for 5:30. It's Tesla's earnings announcement!
- Analysts believe Tesla's next product line is home-use energy storage that looks good on your wall.
- Musk and other executives have seen diluted share ownership.
- The SEC has stated that tweeting company announcements is not illegal.
Earnings announcements have been one of the most volatile company announcements for a very long time. Twitter, however, has created a new avenue for stock volatility, and Elon Musk is an innovator in this respect.