Elon Musk shares a method for making millions of dollars fast, and it might be the chance of a lifetime
The eccentric billionaire who founded SpaceX and Tesla, Elon Musk, has once again made headlines with one of his most striking remarks. "Shares in my electric car company could be a great opportunity for those looking to quickly double their money," he said at an event in Wisconsin.
Musk's statement, "I believe Tesla stock will do well in the long run, so this could be an opportunity to buy it now for a quick profit down the road," sparked a flurry of investor and social media responses.
Because of his involvement with the Trump administration through the Department of Government Efficiency (DOGE), the businessman, who is well-known for his stock market influence, has been the subject of controversy. Public outrage and protests have been triggered by this association in a number of American and European cities.
Some analysts have started to question whether Musk is attempting to allay investor fears or is just making another audacious media move, given that Tesla's value has dropped 48% from its December peak.
The CEO's remarks and choices have been a major factor in Tesla's stock market volatility, making it one of the most volatile companies. Musk has demonstrated that his influence goes beyond automotive technology through his connections to the government and the controversies he sparked on the social media platform X.
Investors are concerned about the company's recent 48% decline in share price, but it has also sparked conjecture about a potential rebound.
While some analysts caution that political unpredictability and Musk's public image may continue to affect the company, others say that current prices might be alluring to investors hoping to make long-term investments in Tesla.
In recent months, demonstrations against the billionaire and his ties to the US government have gotten more traction. Through signs and slogans, protesters in places like New York, Texas, and California have voiced their displeasure with the businessman, accusing him of putting his political clout ahead of Tesla's advancement.
Sales for the business were also impacted by this unfavorable perception. In January, a record number of Tesla owners traded in their cars for other brands, while the number of new Tesla registrations in Europe dropped by 45%.
Musk is optimistic about Tesla's future in spite of the controversy. He has maintained in a number of interviews that the company is still at the forefront of the electric vehicle market and that the current volatility is typical. He might be distracted from his work as CEO, though, by his position in the government and his frequent public remarks.
Investors are upset about the billionaire's remarks regarding his demand for a share buyback. Some people think that now is the best time to purchase shares at a discount, while others worry that the company will continue to be impacted by the uncertainty surrounding its leadership.