Here are seven times Musk has moved the market with his tweets:
Apr. 2, 2018: An April Fools' joke that fell flat, Musk's tweet that Tesla has gone "completely and totally bankrupt" came following a run of bad news for the automaker, including production shortfalls, regulatory scrutiny over its driver-assistance system Autopilot and a credit rating downgrade further into junk by Moody's Investors Service. All that combined to send the stock down as much as 8.1%.
Aug. 8, 2018: Shares closed up nearly 11% after Musk tweeted during market hours: "Am considering taking Tesla private at $420. Funding secured." Later, those gains were erased as doubt mounted about his ability to pull off the deal.
Aug. 14, 2018: Amid the frenzied speculation about the take-private offer, Musk tweeted that he’d pulled in the big guns from Goldman Sachs Group Inc. and renowned Silicon Valley buyout firm Silver Lake Management LLC as advisors. the shares continued their downward trajectory, going on a four-day, 15% slide.
Feb. 20, 2019: Musk corrected a prediction for how many cars Tesla would make that year, just hours after tweeting that annual production would reach about 500,000 vehicles. The electric-car pioneer said he intended to tweet that Tesla expects to be making cars at an annual rate of about 500,000 by the end of 2019. In response, the stock fell 3.7%.
May 1, 2020: Tesla erased around $13 billion from its market value after Musk tweeted "Tesla stock price is too high."
Nov. 2, 2021: Musk cast doubt on Hertz Global Holdings Inc.'s deal to buy 100,000 Teslas for its rental-car fleet and downplaying the $4.2 billion agreement. Tesla's stock dropped 3% the following day.
Nov. 6, 2021: Elon Musk proposed selling 10% of his stock on Twitter, and took a poll of people on the social network to see if they supported it. After a clear majority (58%) of 3.5 million Twitter users voted yes, Tesla shares tumbled the most in eight months, falling as much as 7.3% as of Nov.8.
by Isaac
Comment(17)
nice
no one person should have that much influence over not just tsla stock price but that entire sector, which is influenced by his tweets. sometimes the whole market. I don't really see how he can deny that this is true when its flippin obvious even to a noob like me. I dunno, maybe he gets off on it....
I avoid tsla stock like the plague for this very reason. one never knows when musk will tweet something incendiary and crash his own company's stock. but I certainly pay attention when he's talking about crypto, bc whether he admits it or not the man has some incredible influence on that market too
We should have been buying and holding Tesla till now .
只有傻粉才會被馬斯克廢話影響買賣情緒。大家要清醒下，當他說些廢話想影響股價趨勢走向左邊，他其實之前就已經佈局在右邊了，傻粉就是幫他推動的好幫手。
he doesn't have influence. people are giving it to him. it's to the point he can tweet an emoji, and people start buying every stock that has to do with that symbol. people are stupid!
I held at least 1 share for a minute. I sold at 10% profit when it was climbing hard bc that stock makes me have anxiety lol
I stand corrected. you are right, of course. perhaps I should have said 'undue influence '?
yes i do.
Nice market manipulation
market manipulator 😂
So bankrupt, you can't believe it. 😆
Good news
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