Recently, Elon Musk has gained very tangible power over the shares of various companies. It is enough for him to mention in a positive way this or that company or product, and the shares begin to rise.
We’ve already seen what happened to Bitcoin thanks to Musk’s Twitter tag, but now the head of Tesla and SpaceX has helped Polish CD Projekt’s stock rally.
And he did it completely in passing, advertising the new Tesla. Musk just mentioned that he can play Cyberpunk 2077 in a car and that he loves the game’s aesthetic. That was enough for CD Project shares to soar 19% in value, and trade volume six times the average over the past three months. True, now the shares are back to their original value, but someone clearly managed to make good money.
Apparently, this is far from the last example of the influence of the words of the richest person on the planet on the shares of a company.
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