Elon Musk.
Elon Musk. OnInnovation, Flickr

Elon Musk's $777 million disappearing act, using a Tweet

TWEETS have a very real impact on a company's value, if you're Elon Musk that is.

The billionaire Tesla CEO wiped out $US580 million ($AUD777 million) or 8% from Samsung SDI's market value earlier this week, iniating a shareholder frenzy.

Musk used a single tweet to set the record straight following rumours that Tesla was working alongside Samsung on the upcoming Model 3 electric car.

"Would like to clarify that Tesla is working exclusively with Panasonic for Model 3 cells. News articles claiming otherwise are incorrect," Mr Musk tweeted.

Panasonic's market value increased by almost 4 per cent, adding $US800 ($AUD1.07 billion) to its market value, virtually overnight.

It goes to show, people take tweets from technology influencers pretty seriously!

Big Rigs

Water truck latest target for vehicle thieves

Water truck latest target for vehicle thieves

Police are looking for information into a break in at Coominya

Driver hurt and cattle die in stock truck crash

Driver hurt and cattle die in stock truck crash

The driver had non-life threatening injuries

Solution to biggest problem for electric cars unveiled

Solution to biggest problem for electric cars unveiled

First nationwide charging network revealed.

Local Partners