Tesla CEO Elon Musk once made a brief seven-word comment about the company’s stock price, which led to a staggering $14 billion drop in its market value. After initially joining Tesla in 2004 as the largest shareholder, Musk became CEO in 2008. His leadership saw groundbreaking achievements, like launching a Tesla Roadster into space and introducing the long-awaited Cybertruck, while also earning him the title of the world’s richest person.

However, his journey has not been without controversy. In 2018, Musk faced legal action after falsely claiming he was close to buying out Tesla, prompting the U.S. Department of Justice to step in. As part of a settlement, Musk agreed not to make market-altering statements without first clearing them with Tesla’s legal team, particularly in any format, including social media.

Despite the agreement, in 2020, Musk tweeted to his then 33 million followers, “Tesla stock price too high imo.” The tweet caused Tesla shares to plummet by 12%, and the company’s value dropped by $14 billion, including a $3 billion hit to Musk’s personal stake. Musk later admitted to the Wall Street Journal that the tweet had not been vetted by his team.

Following this incident, financial analysts expressed frustration. Daniel Ives of Wedbush Securities commented, “It’s Elon being Elon,” but acknowledged that Musk’s unpredictable social media presence was a recurring issue for investors.

In other developments, Musk has recently been named in a criminal lawsuit filed by Olympic boxer Imane Khelif, accusing him of aggravated cyber harassment following a controversy regarding her gender eligibility test in a boxing match.