Elon Musk's Twitter Magic is Despite SEC Troubles
Tesla (TSLA) CEO Elon Musk is one of the most followed billionaires on Twitter. His love for Twitter is no secret. In fact, in December 2017, he openly expressed his love for Twitter in a tweet in which he said "I love Twitter." His activity on the social media platform also makes him one of the few CEOs who are followed by tens of millions of followers.
Love for Twitter or Addiction?
Elon Musk's Twitter love, which can also be called an addiction, has caused him trouble lately. In August 2018, Musk tweeted that "he is considering taking Tesla private for $ 420. Financing secured. & # 39;" The tweeter led him to legal trouble with the US Securities and Exchange Commission. To settle the charges, Musk and Tesla had to pledge $ 40 million in penalties, and he also had to retire as Tesla's chairman for three years.
Musk was in a jam again for another tweet from February 201[ads1]9. In the tweet, he said that Tesla "will earn about $ 500,000 in 2019." The SEC found that the $ 500,000 figure did not match Tesla's official guidance for 2019. Musk realized his error and said that he meant " annual production rate at the end of 2019 probably around 500,000. ”Later in April, a federal judge asked the regulatory body and Musk to settle the dispute and approved the settlement in May.
Elon Musk's Twitter feed lge continues to grow
Since then, Musk certainly been more careful when he tweeted something related to Tesla. However, these legal battles did not make him less active on Twitter. On the contrary, his popularity on Twitter continues to grow. As of September 20, Musk has 28.3 million followers on Twitter, compared to nearly 27 million about three months ago.
Perhaps his witty, and sometimes sensible and playful tweets were one of the reasons his great social media following. Let's take a closer look.
Musk's hide on Twitter
16. June, Tesla CEO surprised everyone by saying, "Just deleted my Twitter account." This was a tweet he later deleted. To make his claim more credible, he changed the name of Twitter from @elonmusk to "Daddy DotCom."
When we told you why it was very hard to believe. Interestingly, the news is that Musk is leaving the spiky Tesla warehouse. On June 17, the Tesla share equalized 4.7% daily gain. If Musk leaves Twitter, he may not get into legal trouble like he did twice this past year. However, he ended this post by making a comeback on Twitter in the coming days.
Warren Buffett's advice to Musk
On April 12, Chairman and CEO Warren Buffett commented on Berkshire Hathaway (BRK.B) Musk's extensive use of Twitter. In an interview with Yahoo Finance, Buffett said he doesn't see the "need to communicate." Called Oracle of Omaha by other investors, Buffett added that Musk "has room for improvement" in his behavior as Tesla's CEO. [19659004] As expected, Musk couldn't keep quiet and began to tease Buffett with his witty tweets . To mess with other billionaires and celebrities seems to be Musk's habit. While responding to a tweet by MIT Technology Review April 10, Musk called Jeff Bezos a copycat.
In the tweet he replied, he stated that “Now Amazon is planning to launch a massive constellation of more than 3,000 internet satellites. ”In the tweet, Musk referred to recent similar action by the carrier Space X.
Elon Musk's latest tweets
19. September, Musk Daimler – the German auto giant – praised for his attempt to abandon the development of gasoline. engines. In a series of tweets, Musk congratulated Daimler for the move and said, "Electric is the future!" He called Daimler's decision "very meaningful" as it comes from "the company that invented the internal combustion engine. "Musk added," People will remember that day. Respect. ”
This tweet is one of Musk's more reasonable. However, he is not shy about making sarcastic comments about other car manufacturers. On September 4, German luxury car manufacturer Porsche unveiled its all-electric Taycan Turbo. A few days later, Musk mocked his name on Twitter and said, "Um @Porsche, this word Turbo doesn't mean what you think it does."
Tesla's continued success with electric cars
While many criticize Musk for being super active on Twitter, Tesla's contribution to making popular cars cannot be ignored. He started the company with a "mission is to accelerate the world's transition to sustainable energy." does a good job at it.
Tesla is currently building Gigafactory 3 in Shanghai, China. The production facility, which will open at the end of this year, will help improve Tesla's already impressive sales.
Tesla's continued success makes other old car manufacturers nervous about the hose competitors include General Motors (GM), Ford Motor Company (F) and Fiat Chrysler (FCAU). Despite being larger in terms of vehicle sales and resources, GM, Ford and Fiat Chrysler continue to fight in the electric car segment.
However, Tesla's share price continues to struggle in 2019. Tesla is so far this year. the stock has lost 25.9%. By contrast, GM, Ford and FCAU have increased by 11.7%, 19.9% and 3.5% respectively.