Elon Musk Tweets Investment Advice For Long Run, But Followers Question His Sale Of Tesla Stock

Benzinga2022-05-02

In the early hours of Sunday, Tesla Inc CEO, Elon Musk took to Twitter to share some of his investment tips.

He advised his followers to buy stocks in companies that make products and services they believe in as a long-term strategy.

People started responding to his tweet. Here is what one of his followers said:

Last week, Musk sold 9.6 million shares of Tesla stock, valued at $8.5 billion, and he wrote on Twitter that "No further TSLA sales planned after today."

Tesla shares, which have plunged 20% in the past month. Musk's share sale comes amid his bid to buy Twitter for $44 billion.

Musk has already secured $25.5 billion of fully committed debt, including $12.5 billion in loans against his Tesla stock.

On Twitter, people started comparing his decision to sell Tesla stocks and how he gives advice on managing his stock portfolio.

Here is how another user reacted.

One of his follower asked for his advice on Dogecoin as well.

Musk has yet to respond with his investment outlook for DOGE. The crypto is trading at $0.1316, down 1.75% in the past 24 hours.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Looyusooi
    2022-05-02
    Looyusooi
    Ok
  • Bspn
    2022-05-02
    Bspn
    Ok
  • Mineminemineallmine
    2022-05-02
    Mineminemineallmine
    hes getting paid too much in shares
  • goldenboy
    2022-05-02
    goldenboy
    [LOL] 
  • koolgal
    2022-05-02
    koolgal
    Well Elon Musk has to find the funds somehow to fund his Twitter acquisition and that is to simply sell his Tesla's shares to help fund it.  So far he has sold 8.5 million dollars worth.  No wonder the Tesla 's share price has dropped 20% so far.  
  • DJBoy
    2022-05-02
    DJBoy
    Lol
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