
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk moved markets again with his purchase of a 9.2% stake in Twitter Inc (NYSE:TWTR). News of Musk’s investment pumped Twitter’s share price up about 30% as of market close on Monday.
This isn’t the first time Musk has sparked major price movements in companies he’s shown interest in. On January 26, 2021, Musk posted a one-word tweet “Gamestonk!!” with a link to the r/wallstreetbets subreddit, causing the GameStop Corp’s (NYSE:GME) already inflated share price to soar another 50%.