Tesla CEO Elon Musk says stock price is ‘too high,’ shares fall

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Nora Tam | South China Morning Post | Getty Images

Shares of Tesla dropped more than 7% Friday after CEO Elon Musk tweeted that the company’s shares are priced “too high.”

Musk has come in hot water for tweeting about the company’s stock in the past. Musk has since agreed to submit his public statements about the company’s finances and other topics to vetting by its legal counsel.

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