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The company’s shares rose 19%, its biggest increase since June 2015
CD Projekt’s stock soared yesterday as Elon Musk tweeted about Cyberpunk 2077.
Tesla CEO announced that his latest car, Model S, could play Cyberpunk, before adding: “Cyberpunk’s aesthetic is amazing [by the way]. “
Following the tweet, CD Projekt’s stock rose 19%, its biggest increase since June 2015, while trading volume hit six times its three-month average, Bloomberg reported.
This is the second time this week that Elon Musk has affected a company’s shares, after GameStop shares continued to soar on Wednesday following a tweet from the billionaire.
CD Projekt’s stock has been fluctuating lately, following the uncertainty around Cyberpunk 2077. The developer’s stock price fell 25% in October after peaking at the end of August, in amid crisis reports and another Cyberpunk delay.
After the game launched in December, its stock fell 29% as the studio’s drop in the stock price cost its founders more than $ 1 billion. At the end of December, CD Projekt’s own investors reportedly investigated the possibility of suing the developer for twisting Cyberpunk 2077.
The game was criticized for its numerous console bugs, with the developer later apologizing for not being transparent about how the title would work.
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