Tesla CEO Elon Musk Gives Investment Advice He Says 'Will Serve You Well in the Long Term'
Tesla and Spacex CEO Elon Musk shared his recommended investment strategy, believing it would "work well for you in the long run." Some people have noticed that Musk's strategy is similar to that adopted by Berkshire Hathaway CEO Warren Buffett.
On March 24, a few weeks before he promised to buy Twitter, Elon Musk posted a survey on social media: "Twitter's algorithm should be open source," he wrote, with ways for users to vote "yes" or "no." Some Twitter technology is already open source, which means it is publicly available for anyone to ...
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Elon Musk is the second richest man in the world, with an estimated net worth of $ 155bn. He has founded some of the world’s most successful tech companies from PayPal to Tesla, and his voice weighs heavily on technology circles, but his influence on the crypto market is astoundi...
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They just revealed what they believe are the ten best stocks for investors to buy right now…
Tesla and Spacex CEO Elon Musk offered investment advice on Sunday, noting that he was asked about it "often."
He explained that investors should buy stock from several companies that manufacture the products and services they believe in. They should only sell if they think those products and services are the best, Musk continued, emphasizing that they should not be shocked when the market does. "This will work well for you in the long run," stressed the Tesla manager.
At the time of writing, Musk's tweet has been loved more than a million times and rewritten 110K times.
The responses to his tweet were mixed. Some people agree with Musk while others argue over various aspects of his advice, such as that the most important investment should not be held for long and not all market reactions should be ignored. Few take Musk's advice as a warning that his electric car company, Tesla (TSLA), could have some bad news soon.
A number of crypto supporters say they have been doing just as Musk recommends cryptocurrency, supporting projects they believe in no matter what the price of the core currency.
Some investors have noted that Musk's advice is similar to the investment plan outlined by Berkshire Hathaway CEO Warren Buffett. Oracle of Omaha talked about investing in certain details over the weekend as he explained why he does not invest in bitcoin or other cryptocurrencies.
Several people have revealed that Musk is using this tactic in his attempt to buy Twitter. The richest billionaire in the world made a deal to buy 100% of the social media for $ 44 billion last week.
In March, Musk also offered investment advice while discussing inflation. He wrote on Twitter:
As a general rule… it is usually better to have tangible assets like home or stock in companies that you think make good products, rather than dollars when inflation is high.
