You can't make this up: At 11:05 AM ET, Tesla stock, $TSLA, fell nearly 6% after Reuters reported that the company cancelled plans for a low cost car. 30 minutes later, at 11:35 AM ET, @elonmusk posted that "Reuters is lying (again)." The stock quickly recovered gaining ~4% in minutes. This resulted in a ~$50 billion swing in market cap on news that Elon Musk has confirmed to be false. Being on X has become an essential part of being an investor in today's market. Has X become your primary source of financial news?
This is not the first time @elonmusk has called out false news about Tesla, $TSLA, on X. Investors have seen hundreds of billions of market cap swings due to these headlines. On X, the news is FROM THE SOURCE. Follow us @KobeissiLetter for real time analysis as this develops.
@KobeissiLetter @elonmusk This shows how quickly news (good or bad) moves the markets.
"Being on X has become an essential part of being an investor in today's market." Please, forget all ancient medias. Thanks TKL
@KobeissiLetter @elonmusk Dunno but someone made some money shorting that stock before that article went out. I'll tell you that much.
@KobeissiLetter @elonmusk This is why Elon Musk bought Twitter for, lol