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This Is How Elon Musk Made $580 Million Disappear By A Single Tweet

Who haven't heard of Elon Musk? Everyone knows about this man. For those who still are unfamiliar with this man. I have just these words for tthem - He is the world's raddest man.

He is the man who came up with the idea of PayPal in the 90s when we were giving our credit card details to strangers. He is the founder of Tesla Motors - world's best and only feasible battery-car company, SpaceX and Solar City. He is a self-made billionaire and the real life inspiration for Iron Man's Tony Stark. Hell, he's even planning to colonize Mars for humans.

So, of course, a tweet from a man like this does matter and can make things upside down. But, no one would have imagined a single tweet from Elon Musk can make $580 million disappear just like that.

So what was this tweet about? How did he do that? Let's find it out.

Breaking News: Elon Musk is building an Iron Man suit. Yes, he just tweeted about it. I'm also embedding this tweet at the end.

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This Is How Elon Musk Made $580 Million Disappear By A Single Tweet

This Is How Elon Musk Made $580 Million Disappear By A Single Tweet

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This Tweet from Elon Musk resulted in the loss of millions to a company. So, which company is it?

This Tweet from Elon Musk resulted in the loss of millions to a company. So, which company is it?

No, it's not any of his company.

Earlier this year Musk unveiled Tesla's new car Model 3.

Earlier this year Musk unveiled Tesla's new car Model 3.

So, there were rumors in the automotive industry that Tesla is developing batteries for Model 3 with Samsung SDI, a unit of Samsung.

So, there were rumors in the automotive industry that Tesla is developing batteries for Model 3 with Samsung SDI, a unit of Samsung.

But, Elon Musk debunked this theory with a single tweet.

But, Elon Musk debunked this theory with a single tweet.

Here's the tweet. He said they are working with Panasonic, not Samsung.

He also added Model S and Model X cells are also from Panasonic.

As a result of this tweet, about $580 million disappeared from Samsung SDI's market capitalization in just a few hours.

As a result of this tweet, about $580 million disappeared from Samsung SDI’s market capitalization in just a few hours.

A tweet from Elon Musk can really create a hullabaloo in the automotive industry.

As Samsung SDI's stock plunged by 8% meanwhile, Panasonic gained $800 million in the same period.

As Samsung SDI's stock plunged by 8% meanwhile, Panasonic gained $800 million in the same period.

Now let's talk about Musk building an Iron Man.

Now let's talk about Musk building an Iron Man.

Actually, he made a joke after CNN speculated as to why Musk went to Pentagon and met with Secretary of Defense Ash Carter.

Or maybe he is really building an Iron Man suite.

So, I think we should always keep a tab on the tweet from Elon Musk all the time.

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