Elon Musk is famous for his tweeting. He has a huge following of over 80 millions people and often announces Tesla and SpaceX info on the platform. In fact, he likes and uses the platform so much, he has decided to buy a 9.2% stake in the company worth almost $3B.

Before we look more into this, here are some of his most famous tweets:

You can now buy a Tesla with Bitcoin” – This saw Bitcoins price fly up along with the announcement that Tesla had a large holding of Bitcoin.

Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock. Do you support this?” – It is not often you see someone put up a public vote regarding a $16B investment.

9.2% Stake

The filing was released by the SEC this morning. However, the Tesla CEO has yet to make a public statement regarding this acquisition. Twitter is currently up over 24% in pre-market trading.

This good news for investors comes at a good time as the stock was down 50% from early 2021 all-time highs.

AlphaPicks does own shares in the above stock, Kroger Co. To buy crypto and shares, register here with our preferred partner, EToro.

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