Elon Musk tweets that Tesla shares are ‘too high’

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Tesla Inc. Chief Executive Elon Musk stirred fresh Twitter controversy on Friday, saying the Silicon Valley car maker’s stock was “too high,” prompting more losses for the shares and erasing the bump from a surprise quarterly profit reported earlier this week.

Tesla TSLA, -11.50% shares added to losses after his tweets, recently down more than 10% and after trading as high as $772.77 earlier in the session.