Whenever Elon Musk so much as mentions a company in one of his tweets, the market moves drastically. How can you use his tweets to make money?
On 26th of Januray 2021, Elon Musk tweeted: “Gamestonk!! and a link to the subreddit r/wallstreetbets. This caused the GameStop value to skyrocket in after-hours trading, leaving it at a valuation of $10 billion.
On the same day, 26th of January, he tweeted: “I kinda love Etsy”. This increased the Etsy shares by 9%.
On the 1st of May 2020, Musk tweeted: “Tesla stock is too high imo”. This caused the Tesla share price to fall nearly 12% in the next half hour.
On the 7th of January 2021, he tweeted: “Use Signal”. This tweet caused the stock for Signal Advance to skyrocket 1,100%.
On 29th of Januray 2021 Elon Musk added #bitcoin to his Twitter bio and the cryptocurrency price increased by 20%.