Elon Musk’s Twitter takeover — and his shocking move to monetize Twitter’s blue checkmark — obviously didn’t go down well with some celebrities and journalists.
Now, I’m not saying the feedback from some public personalities wasn’t valid.
For example, without your blue checkmark, anyone can allege to be you…
And the blowback from fraudulent activities eventually circles back to you.
Still, can you imagine what your life would be like today if your self-esteem was dependent on a “blue checkmark” next to your name on a micro-blogging site?
It’s a refreshing reminder of how vain we’ve become on a primal level. And by the way, what good is a blue check when anyone can buy and display it on their Twitter account?
So far, Twitter has done something north of $11 million from blue checkmark subscriptions.
Nothing too significant for someone in Musk’s position…
Still, the other half of the story shows the Tesla CEO continues to have the last laugh.
Remember how Tesla shares plummeted while Musk tried to acquire Twitter? Well, he strategically removed himself from running the firm’s business operations, and so far…
Tesla shares have surged 125% year-to-date, crushing the S&P 500’s 17% gain. That’s like 2x your money in less than a year, but it doesn’t stop there, my friend.
Tesla boasted another 10% rally yesterday after an “upgrade” from Morgan Stanley.
That’s the company’s biggest one-day surge since January, and of course…
Musk’s net worth is tied to the value of Tesla shares, so understandably, the Morgan Stanley upgrade added a few extra million dollars to his net worth (in less than 24 hours).
The establishment doesn’t like Musk because he thinks for himself…
And is not afraid to stand up against the higher-ups whenever he has to.
But the bottom line is this guy just keeps winning no matter what they throw at him.
Morgan Stanley analysts are now predicting that Musk’s new [Dojo Supercomputer] could add as much as $500 billion in market value to TESLA. “Investors have long debated whether Tesla is an auto company or a tech company,” they said. “We believe it’s both, but see the biggest value driver from here being software and services revenue.”
Musk has said he’ll invest more than $1 billion in the supercomputer by the end of 2024.
But he’s also made surprising comments about Tesla’s future. “Almost all of Tesla’s value long-term will be from AI & robots, both vehicle and humanoid,” Musk said.
Morgan Stanley’s upgrade on Tesla’s stock comes when Walter Isaacson’s biography about Musk is about to hit the retail market. When it drops, Musk will likely get some bad PR (as expected). But whatever anyone says, the bottom line is this:
It takes a crazy, driven, and borderline insane workaholic to get things done like Musk has accomplished and continues to bring to the table day in and day out. Right now, TSLA shareholders (including some members of my Daily Trading Room) are reaping the financial benefits of Musk’s madness and will continue to do so for a very long time.
Maybe you’re reaping the financial benefits too. Maybe you’re not.
Either way, the market has a lot to offer if you’re willing to seize what belongs to you.
When you’re ready, you can join us in trading against emotions, assumptions, beliefs, and wishful dreams for substantial returns on your money without taking unnecessary risks.