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Elon Musk Tweeted That Tesla’s Stock Was Too High. The Market Agreed.

Tesla Inc. stock fell Friday morning after Chief Executive Elon Musk took to Twitter to say the auto maker’s share price was “too high” in a series of messages he posted on the social-media platform.

Mr. Musk’s tweets are only the latest of his missives that have drawn swift reaction from investors. Because of his history on Twitter, he is required by a court settlement to vet any message that might be material to Tesla, though the definition of what exactly must be reviewed has been a subject of dispute.

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