Elon Musk Offers Middle of the Night Advice On Investing in the Stock Market

In the middle of the night, Elon Musk decided it was a good time to offer his advice on investing in the stock market.

The timing may have something to do with the fact that he sold $8.5 billion worth of Tesla stock last week after doubling an earlier sale.

Musk began, “Since I’ve been asked a lot: Buy stock in several companies that make products & services that *you* believe in.”

“Only sell if you think their products & services are trending worse. Don’t panic when the market does,” Musk explained.

Musk then claimed that “This will serve you well in the long-term.”

Tesla investor Dave Lee responded to Musk, “It’s unfortunate that most of your companies are private and people can’t invest in them. I understand why they are private though.”

It’s unfortunate that most of your companies are private and people can’t invest in them. I understand why they are private though.

— Dave Lee (@heydave7) May 1, 2022

Following Musk’s cash out, Tesla stock was down 10% for the week, although it rose slightly on Friday by 3% to 904.54.

Twitter stock remains close to Musk’s purchase price of $54.20 per share as it was up 0.85% at $49.52 on Friday.

The latest Tesla stock sale took place on Thursday and was revealed in a regulatory filing on Friday, Market Insider reported.

The publication also noted that it follows $4 billion in sales that occurred on Tuesday and Wednesday that were disclosed in a filing on Thursday.