Market mover? Musk's tweets and Tesla's share price
Elon Musk's Twitter musings have always moved Tesla's shares, with the infamous "funding secured" tweet drawing the ire of authorities.
Here is a brief timeline tracing Musk's candid Twitter posts that have impacted the market.
Here is a brief timeline tracing Musk's candid Twitter posts that have impacted the market.
April 1, 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. 7, 2018: Shares closed up nearly 11% after Musk tweeted during market hours: "Am considering taking Tesla private at $420. Funding secured."
Aug. 7, 2018: Shares closed up nearly 11% after Musk tweeted during market hours: "Am considering taking Tesla private at $420. Funding secured."
May 1, 2020: Tesla erased around $13 billion from its market value after Musk tweeted "Tesla stock price is too high."
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.
Mooers, what do you think of Musk's tweets? Have his tweets influenced your trading decisions?![]()
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.
Mooers, what do you think of Musk's tweets? Have his tweets influenced your trading decisions?
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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RobinChan2354 : Up
moon landing CEI : just buy TNXP stock and wait for the massive jump 2022
AnnGie : I've always regarded him in the same way as Trump....anything that comes out of their mouth will send shivers thru the market so have always avoided their stocks like plague....
71502442 AnnGie: That's really a pity; without your favor, the stock price won't be able to rise
DeShawn W Keys : You don't have anything go home bottom line, that's not new bye.
It's like that BYE.
Machiavellis3rdEye AnnGie: Two of the system’s most important and highly groomed social influencer tools. One is ALien by nature, and the other simply a mere mortal Human Apprentice puppet. (Same as every other US president HAS BEEN since Kennedy, IMO)
Both are to be recognized as Engineered tools of mass manipulation, and then taken with some serious grains of critically-thinking salty salt.
cdkhe : ok
Koolgal : I shudder whenever Elon Musk tweets whether it will impact my Tesla shares or even crypto. Still he is a very charismatic figure that can sway markets.
Blue Cat : ok
学习钓鱼de渔夫 : Entering history
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