Tesla CEO Elon Musk on Thursday tweeted 'lol', 'stonks' and shared a meme after Tesla shares hit record closing price of $1,025.05 on Wednesday. 'Stonks', intentional misspelling of stocks, is used to refer to the irony of the equity markets. On May 1, Musk tweeted Tesla's stock price was 'too high', following which Tesla lost $14 billion in market value.