Elon Musk Stock Market Tip: Elon Musk, the new owner of Twitter, sometimes gives very important advice related to investment. This time also he has said something similar, which may be of use to you in the atmosphere of chaos prevailing in the stock markets these days. Read this news…
Image Credit source: AP
One of the world’s richest people, the new owner of Twitter and industrialist Elon Musk, who has set up an electric vehicle company like Tesla, has given an amazing tip for stock market investors. The upheaval in the stock market these days. It can be of great use in that, and your investment can remain safe. Know what Elon Musk is saying…
Elon Musk says that there is a risk of creating a ‘big panic’ in the stock market anytime. Therefore, on such an occasion, people should avoid taking loans by pledging the shares held by them.
Elon Musk gave advice in the podcast
Elon Musk said in a podcast on Friday, ‘I sincerely advise people not to take margin debt in an environment of turmoil in the stock market. You can see some extreme thing anytime in the going down market.
However, Elon Musk himself has not yet been able to implement this advice. When he bought Twitter for $44 billion, he raised money by putting his billions of dollars of personal wealth at stake. Right now his Twitter has a debt of $ 13 billion.
Elon Musk will have to repay the loan himself
According to a Bloomberg news, Elon Musk’s bankers are of the view that some of the burden of the high interest rate debt laden on Twitter has been reduced to new margin debt, which will hinge on Tesla’s shares. Elon Musk will be responsible for paying this.
Elon Musk has also recently sold $ 40 billion worth of Tesla shares. Due to this, Tesla’s shares have also reached the lowest level of 2 years. However, during the recent sale of shares, Elon Musk had said that he would stop selling the shares.
Panic in the stock market
Tesla’s stock has seen a huge decline since the beginning of this year. At the same time, there was a severe softening in the Indian stock markets on Friday. Where the Sensex closed 980 points, the Nifty closed by falling more than 320 points. That’s why experts advise people to invest carefully in the current times.
: Language Inputs