Hours later—and after several news articles about his bold claim—musk made it clear that it was all a joke.
“No, this is a long standing joke on Twitter. I don’t buy any sports teams,” he said after a user asked him if he was serious about buying.
Shares of Manchester United, which are listed on the New York Stock Exchange, initially rose hours later on Tuesday after a tweet but retracted their gains. However, the stock was still up about 3% in early trading on Wednesday.
He even sarcastically said in his 2019 tweet: “Some people use their hair to express themselves, and I use Twitter.”
However, Musk’s tweets about Tesla have landed him in hot water, multiple times, with the US Securities and Exchange Commission. His feud with the Securities and Exchange Commission goes back to his infamous 2018 tweet in which he said, “I’m thinking about making Tesla private at $420. Funding secured.”
The nine-word tweet sent Tesla’s stock soar at the time, but the SEC then accused it of misleading investors. Musk and regulators eventually reached a deal that included, among other provisions, a requirement that Musk obtain prior approval from other Tesla executives before tweeting about the company.
-— Robert MacLean contributed to this story.
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