Elon Musk — The Market Mover

Elon Musk is rarely out of the news. His tweets have the power to move markets in ways that others simply cannot. Today, we’ll look over a few of those cases. We’ll also update you on the key fundamental events of what looks like a crazy-busy week of trading.

5 times Elon Musk moved markets

#1 Wait, what did I say?

He actually meant to say that Tesla expected to be making cars at an annual rate of about 500,000 by the end of 2019. Tesla’s stock price fell 3.7% in response. Talk about an expensive mistake!

Source: ​​Twitter

#2 Tweeting can really Hertz stock price

Source: Twitter

#3 Polling about his Tesla stock

Source: Twitter

#4 Yo-yo-ing with Bitcoin

Source: Recode by Vox

#5 Agreeing to buy Twitter, sending Tesla spiralling

To finance the deal, last week Musk sold around $8.4 billion worth of his shares in Tesla, according to filings with the US Securities and Exchange Commission.

Tesla’s share price initially plummeted by 12%, dropping slightly further over the course of the week.

TSLA, 2022

Source: Google

What do you think?

Top fundamental events this week

Monday

Tuesday

● EUR — Germany Unemployment Change (APR); Unemployment Rate (APR)

Wednesday

● CAD — Balance of Trade (MAR)

● USD — ISM Non-Manufacturing PMI (APR); Fed Interest Rate Decision

Thursday

Friday

● CAD — Employment Change (APR); Unemployment Rate (APR)

● USD — Non-Farm Payrolls (APR); Unemployment Rate (APR)

Here at Contentworks we closely follow market movements and prep content that we think your traders would love to read. Let’s get you started right here.

Speak soon!

The Contentworks team

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Contentworks Agency

Contentworks Agency provides compliance friendly content to banks, forex brokers, fintechs and many other sectors.