Tesla shares slide in wake of tweet by CEO Musk

Shares of electric car maker Tesla fell more than 10% on Friday after CEO Elon Musk tweeted that the company's stock price was too high.

In a series of unexpected messages on Twitter, Musk said he was selling nearly all of his physical possessions and would no longer own a house.

Then he wrote: “Tesla stock price is too high imo (in my opinion)”.

After that, he hit out at US authorities over the coronavirus lockdown, tweeting that people should be "given back their freedom".

The tech mogul also confirmed that his girlfriend, Canadian pop singer Grimes, was due to give birth on Monday.

Earlier in the week Musk railed against the lockdown on his company’s earnings call, saying the orders were “forcibly imprisoning people in their homes against all their constitutional rights.”

Tesla’s auto plant in Fremont, California, has been closed since March 23 as part of the state's measures to curb the spread of the virus.