True, then returned to the original value
Recently, Elon Musk has gained very tangible power over the shares of various companies. It is enough for him to mention this or that company or product in a positive way, and the shares begin to rise.
Elon Musk praises Cyberpunk 2077, and CD Projekt shares skyrocket
We’ve already seen what happened to Bitcoin thanks to Musk’s Twitter tag, but now the head of Tesla and SpaceX has helped Polish CD Projekt’s stock rally.
And he did it completely in passing, advertising the new Tesla. Musk just mentioned that he can play Cyberpunk 2077 in a car and loves the game’s aesthetic. That was enough for CD Project shares to soar 19% in value and trade volume six times the average over three months. True, now the shares are back to their original value, but someone clearly managed to make good money.
Apparently, this is not the last example of the influence of the words of the richest person on the planet on the shares of a company.
