As the world's richest man, Musk is not only rich, but also quite idle, and can pick up a stock with a single sentence. And as long as he inserts a lever, there will inevitably be a major change.
Today's Twitter stock surge is another big deal for Musk.
On Monday, documents released by the U.S. Securities and Exchange Commission (SEC) showed Tesla CEO Elon Musk buying a large number of Twitter shares, becoming the largest outside shareholder of the social media giant. Boosted by the news, Twitter shares rose 30% at one point before the market, and as of press time, the stock is up more than 20%.
According to the SEC's 13G filing released Monday, Musk holds 73,486,938 shares of Twitter, equivalent to a passive stake of 9.2 percent of the company. Based on Twitter's closing price on Friday, Musk's stake is worth about $2.89 billion.
Musk is a deep social media user who has more than 80 million followers on Twitter. Shortly before that, he had publicly criticized Twitter's policies, arguing that the company had failed to live up to its promise of free speech and saying he was considering building a new social media platform.
Despite being passive equity, investors are pushing twitter shares higher, believing they will bring more returns, and twitter shares have soared more than 20 percent at one point.
Wedbush analyst Dan Ives said in a guest appearance on CNBC on Monday: "Musk may take a more aggressive stance on Twitter. This could eventually lead to some form of acquisition. ”
In addition to becoming the pusher of Twitter's stock surge today, Tesla stock has also sung all the way and rushed to the high.
Previously, investors asked about the profitability of Musk's supercharger pile business. Musk said Tesla's goal for the supercharger business is to achieve a gross margin of 30 percent or a 10 percent margin, including all costs.
According to data previously released by Tesla, the company's automotive business gross margin was 27% last year, compared to 21% in 2020, although Tesla did not disclose a breakdown of the relevant profit margin.
Tesla is growing its supercharging network at an alarming rate, and just at the end of 2020, the company's supercharger piles number is about 23,277, a number that is growing at an annual rate of more than 30%, but lagging behind the delivery rate of Tesla vehicles, which in the same period, Tesla vehicle deliveries grew by 87%.
Tesla announced on The 2nd that it will produce and deliver vehicles in the first quarter of 2022. Tesla delivered a record 3148 vehicles in the first quarter, higher than the market expectation of 309,158 vehicles, and produced 305,407 vehicles in the quarter, the data showed. Tesla also announced that it will release its 'Quarter 1 earnings report' after the U.S. stock market closes on April 20.