Elon Musk’s history of market-moving tweets – The National

Elon Musk’s history of market-moving tweets – The National

It's another day and another rollercoaster ride for shares from Tesla chief executive and co-founder Elon Musk — this time after a US Securities and Exchange Commission filing revealed that the billionaire bought a 9.2 per cent passive stake in Twitter to become its largest single shareholder.

On Monday, shares of Twitter rose more than 27 per cent to close at $49.97. The stock went up another 1.1 per cent in after-hours trading to reach $50.52.

Mr Musk owns more than 73.4 million shares in Twitter, worth about $3 billion, the SEC filing shows.