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Elon Musk Is Off Twitter. No One Knows Why.


Anta Assamey

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Tesla CEO Elon Musk says he is "off twitter for a while." The question for his almost 45 million followers is why. Musk is active on Twitter -- for a large-company CEO. Recently he has been tweeting about Reddit, the GameStop short squeeze, and cryptocurrencies.

Tesla (ticker: TSLA) wasn't immediately available to comment on the reasons for Musk's Twitter pause. His tweet announcing his decision was posted Tuesday morning Eastern time.

Musk's tweeting has led to some problems with the Securities and Exchange Commission in the past, notably for tweeting Musk had secured funding to take Tesla private back in 2018 and for a tweet announcing Tesla would deliver 500,000 vehicles in 2019.

Tesla grew volume by about 50% in 2019 to about 370,000 vehicles, but it took one more year to hit the 500,000 mark. Tesla delivered just under 500,000 cars in pandemic-affected 2020.

Those issues led to Musk paying cash penalties and stepping down as Tesla's board chairman.

Musk entered the GameStop (GME) fray about a week ago, tweeting "Gamestonk!!" (The term "stonk" is an internet joke that stands for "stock" and is usually used excitedly when shares rise or fall rapidly.)

Musk included a link to the Reddit forum WallStreetBets, which has been at the center of the GameStop-related short squeeze. GameStop stock rose 400% this past week, finishing January at $325 a share. The stock is trading at roughly $130 late Tuesday morning, down 42%.

Musk also tweeted out a fake cover of Vogue magazine, with a dog on the cover, titled Dogue. In December, he tweeted out "One word: Doge." Doge is a cryptocurrency, like Bitcoin. Doge has gone from less than a penny in December to more than three cents.

The GameStop-related short squeeze seems to be abating. Doge coin has fallen from roughly five cents to three cents over the past few days. Silver, another trade mentioned on the Reddit forum is falling Tuesday too. First Majestic Silver (AG), for instance, is at $17.17, down 22.4%. That would be the largest percentage decrease on record, based on available data back to Dec. 15, 2010, according to Dow Jones Market Data.

The S&P 500 is up 1.7% Tuesday. Tesla stock is up 3.8%, at $876.21. That leaves Tesla stock about 1% below levels just before the company reported fourth-quarter earnings this past Wednesday.

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hehe i wonder how does he even get time to be on twitter

toilet seat meeda open chesthademo twitter 

he has the next big production hell coming  (scaling Semi manufacturing at Nevada, getting things lined for CyberTruck and ramping up 4680 cell mfg in fremeont and introducing the same in berlin factory by eoy)

he will be back in a month to officially unveil model S/X , they too are using giant cast parts ani report vachindhi gaa 

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meanwhile..

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Starship SN9, SpaceX's early prototype for a rocket the company hopes will carry the first humans to Mars, launched a high-altitude test flight Tuesday that saw the vehicle travel a few miles up in the air, hover for a moment, and then conduct a belly flop-like maneuver on descent before making an explosive landing back on the launch pad.

 

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On 2/2/2021 at 10:55 AM, tom bhayya said:

Lekapothey thuppas coin lu stock lu rise avuthunnayi ga vaadi tweets valla 

he is trolling people with dogecoin ..... cult flowers ki ardam kavadam ledhu 

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