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Elon Musk's Stunts: A Timeline of Controversy and Market-Moving Moments Elon Musk, the billionaire entrepreneur behind Tesla Inc. (TSLA:US) and SpaceX, and now X (formerly twitter) has become as famous for his headline-grabbing antics as for his business acumen. Here's a look at 5 of Musk's most shocking stunts that sent unusually strong shockwaves through markets and social media alike. 1. 2018: "Funding Secured" Tweet Musk's tweet about taking Tesla private at $420 a share, claiming "funding secured," led to SEC charges and a $20 million fine. 2. 2019: Cybertruck Unveiling The launch of Tesla's Cybertruck saw a demonstration of its "unbreakable" windows go awry when they shattered on stage. Tesla's stock dipped 6% the following day. 3. 2020: "Tesla stock price is too high imo" A single tweet from Musk stating Tesla's stock was overvalued wiped $14 billion off the company's market value in hours. 4. 2022: Twitter Acquisition Saga Musk's on-again, off-again $44 billion Twitter takeover, complete with public spats and legal battles, kept markets on edge for months. 5. 2023: Cage Fight Challenge to Mark Zuckerberg Musk's public challenge to Meta's CEO for a cage fight sent social media into a frenzy, though the bout never materialized. Musk's influence grows and so does scrutiny of his actions. Shareholders and regulators alike are grappling with how to respond to a CEO whose tweets can move billions in market cap. With Musk in charge of multiple high-profile companies, US markets remain braced for what might come next from tech's most unpredictable lead.
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