The 50-year-old millionaire advised his Twitter followers not to “panic” about the market’s response and instead to purchase stocks in businesses that make goods they “trust.”
As an illustration of Elon Musk’s approach to investing, Mrs. Maye said that she spent around $1,000 on stocks that her son suggested in the 1980s.
She had never invested this much money in this industry before.
Elon Musk’s confidence in the business soon paid off, and Maye’s investment quadrupled in value.
Maye “panicked” and sold all of his shares as the stock price rose.
“I wasn’t pleased with it. Then, this code kept getting higher. Additionally, I believe it’s unjust for you to split your earnings amongst @ToscaMusk, @kimbal, and myself,” Maye said on Twitter.
