Elon Musk Back to Making Weed Jokes After Tesla’s Stock Hit a Record $420

Article by Emma Spears, Growth Op

Oops! He did it again.

CEO of Tesla Inc. Elon Musk is back to making weed jokes — despite the fact that it hasn’t gone so well for him in the past.

Tesla’s stock hit $420, a number that has a close association with cannabis culture, and Musk could not resist taking to Twitter to joke about it.

“Whoa … the stock is so high lol.”

Last summer, Musk bit off more than he could chew when he tweeted, “Am considering taking Tesla private at $420. Funding secured.”

The tweet reportedly landed Musk in hot water with the Securities Exchange Commission (SEC), who claimed the post constituted fraud and filed a lawsuit.

“In a lawsuit filed on Thursday, the SEC said that Musk’s tweet, which caused Tesla shares to climb 11 percent, constitutes fraud for containing ‘false and misleading statements’ as Musk ‘never discussed a going-private transaction at $420 per share with any potential funding source’,” The Inquirer reported.

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