In Just Five Minutes Donald Trump's Tweet Cost Toyota $1.2 Billion

Can someone stop Donald Trump from tweeting for a bit? Or maybe give him a social media lesson? I don't think he realises the full influence of those little Wotsits he calls fingers.

Toyota shares have dropped faster than I did after the third Sambuca on New Year's Eve after the president-elect tweeted a negative comment regarding the company. It cost $1.2billion (£971,738,616) in value.

via GIPHY

Trump wrote: "Toyota Motor said (it) will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY! Build plant in U.S. or pay big border tax."

It seems that he was confused, as the company is actually not moving. It's just building a new plant there.

In a statement to Reuters, the company said that the new Mexican plant won't cut any American employment, adding that it 'looks forward to collaborating with the Trump administration to serve in the best interests of consumers and the automotive industry'.

Hopefully, Toyota's value will bounce back once the shock wears off.

Topics: Twitter, Donald Trump

Mel Ramsay

Mel Ramsay has been a Senior Journalist for Tyla and LADbible since 2015. She started her career writing obituaries and funeral guides online. Since then, her work has been published in a wide variety of national and local news sites. She is part of the BBC's Generation project and has spoken about young people, politics and mental health on television, radio and online. Contact her - [email protected]

@melramsay_