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Tesla CEO Elon Musk gives investment advice he says will “serve you well in the long run”

Tesla and Spacex CEO Elon Musk shared his recommended investment strategy, which he says will “serve you well in the long run.” Some point out that Musk’s strategy is similar to that of Berkshire Hathaway CEO Warren Buffett.

Elon Musk investment advice

On Sunday, Tesla and Spacex CEO Elon Musk offered some investment advice, noting that he’s been asked “a lot” about it.

He explained that investors should buy shares in several companies that produce products and services that they believe in. They should only sell if they believe those products and services are deteriorating, Musk continued, emphasizing that they should not panic when this happens in the market. “It will serve you well in the long run,” the Tesla boss said.

Tesla CEO Elon Musk gives investment advice that

As of this writing, Musk’s tweet has been liked over a million times and retweeted 110,000 times.

Reaction to his tweet was mixed. Some people agreed with Musk, while others argued over various aspects of his advice, such as saying that highly overvalued investments should not be held long-term and that any market reaction should not be ignored. Some have taken Musk’s advice as a warning that his electric vehicle company Tesla (TSLA) may soon have bad news.

A number of crypto proponents have said they are doing exactly what Musk recommends with crypto, supporting projects they believe in regardless of the underlying price of the coins.

Some investors note that Musk’s advice is similar to the value investing strategy touted by Berkshire Hathaway CEO Warren Buffett. The Oracle of Omaha has spoken extensively about value investing over the weekend, explaining why he does not invest in bitcoin or other cryptocurrencies.

Several people pointed out that Musk used this strategy in an attempt to buy Twitter. Last week, the world’s richest billionaire closed a deal to buy 100% of the social media platform for about $44 billion.

In March, Musk also gave investment advice while discussing inflation. He tweeted:

As a general rule, it is better to own physical assets, such as a house or shares of companies that you think make good products, than dollars when inflation is high.

The Tesla boss also revealed at the time that he still owns his bitcoin (BTC), ether (ETH) and dogecoin (DOGE) and will not sell them.

What do you think of Musk’s investment advice? Let us know in the comments below.

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Kevin Helms

Austrian economics student Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests include bitcoin security, open source systems, network effects, and the intersection of economics and cryptography.

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