Social Media

Musk: I don't tweet to inflate Tesla shares

Elon Musk, co-founder and CEO of American electric vehicle manufacturer Tesla Motors, poses with a Tesla during a visit to Amsterdam on January 31, 2014.
Jerry Lampen | AFP | Getty Images

Tesla Motors CEO Elon Musk on Monday shot down apparent speculation that he uses tweets to influence the company's stock price.

In a series of tweets, Musk contended that a short jump in Tesla stock "does no good for Tesla or me."


He continued that "it would be wrong" to use social media to inflate stock price.


Musk linked his tweets to a post from Sunday morning in which he announced a Tesla press conference set for Thursday. He hinted that the electric car maker was "about to end range anxiety" for its Model S cars.

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Musk has often used the social media platform to share company news or hint at future developments.