![]() ![]() “ Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock. In a surprise tweet in November, Musk launched a Twitter poll to ask his followers whether or not he should sell 10% of his Tesla stock. “ I propose selling 10% of my Tesla stock. However, no different to what we see in traditional assets when big-name hedge-fund managers disclose their positions and those names move I believe the more he tweets, the more immune the market will get in the future but for now, he’s definitely one of the big influencers of the Bitcoin market. Speaking to MarketWatch, co-founder and principal at BKCoin Capital Kevin Kang said, “ Musk is definitely too influential on Bitcoin prices. “ We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel. “ Tesla has suspended vehicle purchases using Bitcoin ,” Musk tweeted. However, within less than two months, Tesla’s CEO had changed his mind, causing bitcoin to fall almost 17%. This caused bitcoin to jump above $40,000, having started the day trading at just $34,880. In March 2021, Elon Musk announced via Twitter that the carmaker would begin accepting bitcoin - the world’s largest and most popular cryptocurrency - as a method of payment to purchase electric vehicles. “Tesla has suspended vehicle purchases using Bitcoin” The tweet saw GameStop’s shares rise as much as 157% in after-hours trading. “Gamestonk!!”Īlso in January, Musk tweeted “ Gamestonk!!” along with a link to Reddit’s Wallstreetbets’ 2 million-member stock trading discussion group that largely hyped the stock. ![]() His “ I kinda love Etsy” tweet fuelled a stock surge of as much as 8% - a record high for the company - before the price lowered to 2.1% by close. In January, Etsy shares jumped after Musk made a short-but-sweet tweet about the US e-commerce company. As 2021 draws to a close, here’s a look at some of the Tesla CEO’s most influential tweets. 2021 saw the Tesla CEO crowned Time magazine’s “Person of the Year’ ‘ as his electric vehicle company became the most valuable in the world, his space company successfully carried an all-civilian crew to the edge of space, and he overtook Amazon founder Jeff Bezos as the world’s richest man.Ĭonsidering his achievements this year alone, it’s perhaps unsurprising that Musk possesses the power to control global markets with just a single tweet. Love him or loathe him, there is no denying that Elon Musk is one of the world’s most influential people. ![]()
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