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The connection between Elon Musk and the number 420 dates back to April 20, 2018, when Musk tweeted, "Am considering taking Tesla private at $420. Funding secured." This tweet caused a significant stir in the financial world, as it implied that Musk was considering taking Tesla, his electric car company, off the stock market and making it a private company at a price of $420 per share.
The tweet led to a flurry of speculation and controversy. The price of Tesla's stock surged following the tweet, and there were questions about whether Musk had actually secured the funding he claimed to have. The Securities and Exchange Commission (SEC) later sued Musk for securities fraud, alleging that he had made false and misleading statements about taking Tesla private. Musk and the SEC eventually settled the lawsuit, with Musk agreeing to step down as Tesla's chairman and both Musk and Tesla paying fines.
The number 420 itself has a cultural significance as a reference to cannabis consumption, particularly in the United States. It is often associated with the date April 20th (4/20) and has been adopted by cannabis enthusiasts as a symbol of their subculture. However, Musk's use of the number in his tweet was likely a coincidence or an attempt at humor rather than a reference to cannabis.
https://twitter.com/amsterdamseeds2/stat...9202516252
The tweet led to a flurry of speculation and controversy. The price of Tesla's stock surged following the tweet, and there were questions about whether Musk had actually secured the funding he claimed to have. The Securities and Exchange Commission (SEC) later sued Musk for securities fraud, alleging that he had made false and misleading statements about taking Tesla private. Musk and the SEC eventually settled the lawsuit, with Musk agreeing to step down as Tesla's chairman and both Musk and Tesla paying fines.
The number 420 itself has a cultural significance as a reference to cannabis consumption, particularly in the United States. It is often associated with the date April 20th (4/20) and has been adopted by cannabis enthusiasts as a symbol of their subculture. However, Musk's use of the number in his tweet was likely a coincidence or an attempt at humor rather than a reference to cannabis.
https://twitter.com/amsterdamseeds2/stat...9202516252
