‘Buy stock in…’: Elon Musk’s long-term investment advice


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Musk is expected to raise about $ 21 billion in equity financing on its own.

Elon Musk, a billionaire, entrepreneur, and now owner of Twitter, has some investment tips for those who want to buy and sell stocks. Granted he is the richest man in the world, his advice is certainly suitable for those who are thinking how to increase wealth.

On Twitter, the billionaire wrote, “Don’t panic when the market is up.” This is his great advice.

“Since I’ve been asked a lot: Buy stocks from several companies that make products and services You Believe me. “Musk noted that people should only sell their stock if they think” their products and services are getting worse. “

“It will serve you well in the long run,” Musk shared investment tips with his nearly 90 million followers.

Not just the ‘richest’

According to the 2022 Forbes list of real-time billionaires, Musk is the richest man in the world with a net worth of $ 268.2 billion. The owner of Tesla and SpaceX recently took over the microblogging platform Twitter in a 44 billion deal.

Musk has sold about 4.4 million shares of the company, valued at about 4 4 billion. Money could probably go to acquire a micro-blogging platform, as Musk would have to spend $ 21 billion on his own personal power.

As part of the deal, Morgan Stanley and other financial institutions pledged কে 13 billion in financing with a িন 12.5 billion margin loan to Musk in exchange for its shares in Tesla and other companies.

Musk is expected to raise about $ 21 billion in equity financing on its own.

Mask’s latest Tesla stock sale to the US Securities and Exchange Commission (SEC) is worth about $ 4 billion.

Twitter, meanwhile, reported last week’s operating loss of 128 128 million in revenue of 1.2 billion and net revenue of 13 513 million in the first quarter of this year, the last quarterly results before Musk took over.

The company said it now has an average monetary daily active use (mDAU) of 229 million in the March quarter, up 15.9 percent from the same period last year.

(Ions input)

Also read | Elon Musk has sold ট 4 billion worth of Tesla shares, and has not promised to sell

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