Elon’s Funny 🤣

Elon’s Funny

As we all know, Elon Musk has the ability to move mountains when it comes to his tweets, especially when it comes to the prices of stocks. For example, back in January, Bitcoin’s value jumped more than 20% to $38,566 after Elon Musk changed his personal Twitter bio to #bitcoin. Elon’s influence is truly remarkable and one of kind. Most recently, it was announced that Elon Musk would be Hosting Saturday Night Live with none other than… Miley Cyrus? Yes, it is quite an interesting combination and many on twitter were angry, expressing that being a billionaire doesn’t qualify you as funny, but when is twitter satisfied? Probably never.

Well regardless of your opinion on how funny Elon Musk is, one thing can be agreed upon, he can move stocks. Although most stocks are tied to a direct or indirect shout out from Musk, Tesla’s stock is also correlated with his direct behavior as he is CEO. If there is a strong correlation between Musk’s behavior and Tesla’s stock, then SNL is one place where there is some potential for a move to occur. How big this move could be and in what direction is a mystery, but the wrong joke could be a risk. However, not everyone agrees that it will be potentially risky for Tesla’s stock, for example Barron’s explained: “investors shouldn’t get carried away. While it’s more free advertising for Tesla, SpaceX, and Musk’s other ventures, the overall impact on the stock should be small”.

Will you be tuning in to SNL on May 8th to watch Elon Musk? And do you think his appearance could affect Tesla?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:

More Posts

What is a kids brokerage account?

23 March, 2023

A kid’s brokerage account is more accurately called a custodial account. This is a brokerage account that parents or legal guardians can open on behalf of their child.

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.