Discover the 15 most shocking Elon Musk tweets that have influenced the stock market, causing dramatic fluctuations and impacting investor decisions.
Elon Musk, the CEO of Tesla and SpaceX, is no stranger to making headlines with his bold and often controversial tweets. With millions of followers on Twitter, his tweets have the power to move markets, create frenzies, and even lead to regulatory scrutiny. Here are 15 tweets from Elon Musk that have had a significant impact on the stock market.
1. “Tesla stock price is too high imo”
On May 1, 2020, Elon Musk tweeted that Tesla’s stock price was “too high,” which caused the company’s stock to plummet by nearly 10% that day, wiping out $14 billion in market value (FinanceBuzz) (Market Realist).
2. “Am considering taking Tesla private at $420. Funding secured.”
In August 2018, Musk tweeted that he was considering taking Tesla private at $420 per share. This infamous tweet led to a significant spike in Tesla’s stock price initially but resulted in an SEC lawsuit and a $20 million fine for Musk (Market Realist) (Visual Capitalist).
3. “GameStonk!!”
On January 26, 2021, Musk tweeted “GameStonk!!” with a link to the r/wallstreetbets subreddit. This tweet added fuel to the already intense GameStop stock rally, causing the stock to surge by 50% (FinanceBuzz).
4. “I kinda love Etsy”
Musk’s tweet on January 26, 2021, praising Etsy for a product he bought, caused the company’s stock to spike by 8% before settling down later in the day (FinanceBuzz) (Market Realist).
5. “Use Signal”
In January 2021, Musk tweeted “Use Signal,” referring to the messaging app. However, many investors mistakenly bought shares of Signal Advance, a completely unrelated company, causing its stock to soar by 1,500% in a matter of hours (Market Realist).
6. “Dogecoin is the people’s crypto”
Musk has been a vocal supporter of Dogecoin. His tweets in support of the cryptocurrency, including this one from February 2021, have caused its value to fluctuate dramatically (FinanceBuzz) (Visual Capitalist).
7. “Selling 10% of my Tesla stock”
In November 2021, Musk asked his Twitter followers if he should sell 10% of his Tesla stock to pay taxes. The majority voted yes, leading to a 7.3% drop in Tesla’s stock price (FinanceBuzz).
8. “He’s NOT buying Twitter”
After announcing his intent to buy Twitter for $44 billion, Musk later tweeted that the deal was on hold, causing Twitter’s stock to drop by 18% in pre-market trading (FinanceBuzz) (Visual Capitalist).
9. “Tesla Goes Bankrupt” (April Fools’ joke)
On April 1, 2018, Musk tweeted that Tesla was bankrupt as an April Fools’ joke. Despite the humorous intent, the tweet caused Tesla’s stock to dip slightly (FinanceBuzz).
10. “Tesla’s market cap is higher than that of Ford”
Musk often tweets comparisons of Tesla’s market cap with other major companies, which can lead to immediate market reactions. For example, when he highlighted Tesla surpassing Ford, it boosted investor confidence (Visual Capitalist).
11. “Much wow”
Another Dogecoin-related tweet, “Much wow,” referencing the meme culture around Dogecoin, led to a significant increase in the cryptocurrency’s value (Visual Capitalist).
12. “Model 3 production hell”
In July 2017, Musk tweeted about the “production hell” Tesla was experiencing with the Model 3. This transparency caused Tesla’s stock to be highly volatile as investors reacted to the production challenges (Visual Capitalist).
13. “Taking Tesla private would be better”
Musk reiterated his desire to take Tesla private in multiple tweets, causing repeated fluctuations in Tesla’s stock as investors speculated on the potential for such a move (Market Realist).
14. “Free America Now”
During the COVID-19 pandemic, Musk’s tweets criticizing lockdowns, such as “Free America Now,” caused debates and had indirect effects on Tesla’s stock due to concerns about production halts (Visual Capitalist).
15. “Bitcoin is almost as bs as fiat money”
Musk’s critical tweets about Bitcoin, including this one, have caused the cryptocurrency’s value to drop significantly. His influence on the crypto market is profound, affecting not just Bitcoin but other cryptocurrencies like Ethereum and Dogecoin as well (Market Realist).
FAQs
How do Elon Musk’s tweets affect the stock market? Elon Musk’s tweets can cause significant fluctuations in stock prices due to his large following and influence. Investors react to his comments, leading to increased trading volumes and volatility.
Has Elon Musk faced any consequences for his tweets? Yes, Musk has faced regulatory scrutiny, including a $20 million fine from the SEC for his tweet about taking Tesla private. He also had to step down as Tesla’s chairman.
Which tweet caused the most significant stock market impact? The tweet about taking Tesla private at $420 per share had one of the most significant impacts, leading to regulatory action and market volatility.
Does Elon Musk tweet about other companies besides Tesla? Yes, Musk tweets about various companies and topics, including cryptocurrencies, other tech companies, and even products he personally likes, such as Etsy.
Why do investors pay so much attention to Musk’s tweets? Investors pay attention to Musk’s tweets because he has a track record of influencing market trends and making impactful business decisions.
How can one stay updated on Elon Musk’s tweets? Following Elon Musk on Twitter and setting up notifications for his tweets is the best way to stay updated.
Conclusion
Elon Musk’s tweets have a profound impact on the stock market, demonstrating the power of social media in modern finance. Whether it’s sending stocks soaring or plummeting, his 280-character messages are closely watched by investors worldwide. For more on how Musk’s tweets influence the market, check out the detailed analyses on FinanceBuzz and Market Realist.
