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The Tesla stock price was down nearly 5% today to $272.51, following yesterday's statement from Chief Executive Officer Elon Musk that Tesla Motors Inc. (Nasdaq: TSLA) shares are overvalued at the moment.
"I do think people sometimes get carried away with our stock," Musk said on CNBC yesterday. "I think our stock price is kind of high right now, to be totally honest. Or rather, let me put it to you this way: If you care about the long-term of Tesla, I think the stock is a good price. If you're looking at the short-term, it's less clear."
Musk has made similar statements before. In October, when shares were near $170, he told