Oh, great! Elon Musk is selling off another big chunk of Tesla shares, which is exactly what we all wanted to hear. I’m sure everyone is happy that he’s making another huge profit while the rest of us are left holding the bag. But at least he keeps sending out those funny tweets, right?
I mean, who needs a successful business when you can have fun on Twitter? I’m sure all the Tesla shareholders are thrilled that Musk’s personal Twitter habits are being paid for by their investments. Even if he wasn’t being sarcastic, it’s another reminder that you can’t believe anything Musk says, and you should never use his tweets as investment advice.
So, if you still have Tesla shares, just remember that the market can stay crazy longer than you can stay solvent. Don’t let Musk’s tricks bring you down. Keep your shares and wait it out. He might tweet something that makes the stock go up again. Don’t count on it, though.
