In the early hours of Sunday, Tesla Inc TSLA CEO, Elon Musk took to Twitter to share some of his investment advice.
He advised his followers to buy shares in companies that produce products and services they believe in as a long-term strategy.
Since I have been asked a lot:
Buy shares in some companies that make products and services that *you* believe in.
Only sell if you think their products and services are trending worse. Don’t panic when the market does.
This will serve you well in the long run.
— Elon Musk (@elonmusk) May 1, 2022
People started responding to his tweet. Here’s what one of his followers said:
Bro you just sold $TSLA shares last week. You know very well that there are other reasons to sell stocks than products and services that are trending worse. Clarify that, before some idiot writes an article titled:
“ELON SELLS TESLA STOCK AND SAYS SELL ONLY IF BUSINESS IS IN WORSE TENDER”
— Stock Talk Weekly 🎙 (@stocktalkweekly) May 1, 2022
Last week, Musk sold 9.6 million shares of Tesla stock, worth $8.5 billion, and he tweeted that “No further TSLA sales are planned after today.”
Also Read: Here’s Why AOC Deletes Her Tweet After Musk Told Her ‘Stop Hitting Me’
Shares of Tesla, which have sunk 20% in the past month. Musk’s stake sale comes amid his bid to buy Twitter for $44 billion.
Musk has already secured $25.5 billion in full debt, including a $12.5 billion loan against his Tesla stock.
On Twitter, people began comparing his decision to sell Tesla shares to the way he gives advice on managing his stock portfolio.
that’s why you sold a few billion of tesla stock?! 😅
— MyCryptoVision (@My_cryptovision) May 1, 2022
Here’s how another user reacted.
— Fintwit (@fintwit_news) May 1, 2022
One of his followers asked for advice on Dogecoin DOGE/USD also.
Tell me what to do with Dogecoin.
— Altcoin Daily (@AltcoinDailyio) May 1, 2022
Musk has yet to respond with his investment outlook for DOGE. The crypto is trading at $0.1316, down 1.75% in the last 24 hours.
Also Read: Facebook insider bullish on Musk’s move to Twitter, says he can get feedback better than Zuckerberg
