Between the challenge to Putin, his clear opinion on the coronavirus and his support for Kanye West’s presidential candidacy, Elon Musk is regularly talked about on Twitter, which he also intends to buy.
So, we all know that the owner of Tesla uses this platform. What we sometimes forget is how difficult it is to understand his tweets to our mortals. We also delete sometimes the influence they can wield.
This is why we propose in this article to go back to the “Elon Musk and Twitter” phenomenon.
Update: Elon Musk suspended his take on Twitter, but did not give up
The saga has experienced another twist. Elon Musk decided on Friday May 13 to postpone his take on the popular social network. The agreement is pending details around the calculation suggesting that fake accounts and spam accounts represents only 5% of total users “, he said… on Twitter.
He said at the beginning that one of his priorities was to clean up users to drive these fake users off the social network. A tweet that got social network action fall by more than 20% on electronic exchanges before the opening of Wall Street.
Later, the billionaire boss confirmed that he was “still committed” to buying Twitter.
Why is this backtracking?
Twitter management responded to him, at the beginning of May, that there were only 5% of “bots” (fake accounts powered by robots) on the platform. A claim that Musk seems to have made with caution.
It should be added that clouds seem to have accumulated in recent days around the agreement. First, the defeat of tech stocks in the stock market has some commentators wondering if Elon Musk can see that he has paid too much for Twitter. In this regard, the suspension of the offer could be a means of restarting negotiations.
Elon Musk’s offer as well caught the attention of the SEC (the American stock market policeman) who opened an investigation into the circumstances in which it took place. He said late that he accumulated Twitter shares before he made the offer. That is why the SEC suspects him that he covered up his true intentions.
How, in one tweet, did Elon Musk change the course of things?
This example is another example that illustrates Elon Musk’s influence on his tweets that is shocking and makes noise. There are concrete consequences for the companies and brands concerned.
GameStop, Shopify, Signal, Etsy or CD Projek can prove it. Being quoted by Elon Musk in a tweet is enough to remove the share price of these five companies. The positions of one of the most influential personalities on the Web are now being investigated by financial analysts and budding traders.
On Twitter, he became the richest man in the world the troublemaker of financial markets. In his outdated publications, the founder of Tesla and SpaceX has the power to boost the prices of assets whose merits he has chosen to praise to his 44.1 million subscribers.
The example of bitcoin
The influence of successful entrepreneurs on retail investors has continued to grow over the years. They consider him a visionary genius, even a guru. Consequently, now, his positions are being evaluated.
Soon, it was enough for Elon Musk to replace the minibiography of his Twitter account with the emoji and hashtag “bitcoin”, for the queen of cryptocurrencies. climbed 20% in less than 24 hours.
Retrospective: 8 tweets from Elon Musk that caused controversy
With the possible takeover of Twitter, Elon Musk is creating a new coup, he is accustomed to controversial leaks on the platform. Proof of the eight tweets that made the noise:
Elon Musk admitted that he had given up“mistake” over-automation at Tesla’s Fremont, Calif., plant, missing its stated production target of 5,000 Model 3s per week.
The Securities and Exchange Commission (SEC) has sued Elon Musk on suspicion “false or misleading statements”, after he tweeted his plans to delist Tesla for $ 420 per share. Musk said he set this price target after learning “the importance of that number in marijuana culture and thinking his girlfriend was funny”.
The SEC re-pinned a tweet saying that “Tesla made zero cars in 2011, but will make about 500,000 in 2019”. He rectifies the situation by explaining that he wants to talk about the annual production rate, i.e. 10,000 cars per week, but deliveries for the year are still estimated at 400,000.
Elon Musk has promised to commission one million robot-taxis (autonomous vehicles) on the roads by 2020. A goal that is hard to predict now …
The billionaire himself judges the value of Tesla’s stock ” too high “ and caused its price to fall by 10% in one session, much to the dismay of investors.
“You can now buy Tesla with bitcoins”, Elon Musk said on Twitter, before backtracking, justifying this decision by the environmental impact linked to cryptocurrency mining. Still on Twitter, however, Elon Musk praises the merits of “dogecoin”, a cryptocurrency originally thought of as a joke.
By asking his followers if he should sell 10% of his shares in Tesla, Elon Musk then aroused the interest of more than 3.5 million Internet users. “Recently there has been a lot of talk about unrealized benefits as a means of tax evasion, so I propose to sell 10% of my shares in Tesla. Do you support it?» he writes. “I will respect the results of this poll, whatever it means.” Nearly 58% of voters answer “Yes”, while the sale could bring the entrepreneur about 21 billion dollars.
On March 14, Elon Musk challenged Vladimir Putin to a “man-to-man fight”, following Russia’s invasion of Ukraine.“Do you accept this fight?»he asked her, referring to an Internet user who was pretty serious about his intention to confront the Kremlin strongman.
And he hasn’t finished talking about her …