Elon Musk Reports Large-Scale Cyberattack on X Platform
- X platform experiences major cyberattack; Elon Musk suspects major players.
- Significant decline in Tesla stock prices reported.
- No independent verification of Musk’s claims is available.
Elon Musk reports a large-scale cyberattack on X, formerly Twitter, potentially involving a major organization or nation.
The event reflects ongoing cybersecurity vulnerabilities in high-profile platforms, impacting investor confidence and market stability amidst unverified claims.
X Targeted in Alleged Large-Scale Cyberattack
Elon Musk announced on X that the platform faced a large-scale cyberattack. The attack is deemed to involve either a major organization or nation, leveraging substantial resources for coordination.
Musk’s statement highlights the frequent cyber threats faced by X. No other official statements from X executives or other employees were reported.
Elon Musk, CEO of X, stated: “We get attacked every day, but this was done with a lot of resources. Either a large, coordinated group and/or a country is involved”
Tesla Shares Plummet Over 13% Following Attack News
The incident coincided with a significant decline in Tesla’s stock price by over 13%. The broader market also saw impacts, with the S&P 500 index falling approximately 3%.
While the financial implications are notable, the lack of independent verification of Musk’s claims leaves questions unanswered. Cryptocurrencies remained largely unaffected in the immediate aftermath.
Parallels with February 2023 X Outage Noted
Comparisons can be drawn to the major February 2023 outage of X. That incident required an emergency fix following Musk’s acquisition and staffing changes.
Experts note the vital role of robust cybersecurity measures. Such events, even when unverified, could impact market trust and investor confidence, requiring thorough investigation.
