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Even the seemingly harmless tweets of Elon Musk are closely watched, pretty much by everyone.
That's not to say that Musk's Wednesday morning tweets – which, for whatever reason, has become famous "Elon Tusk" sure
Twitter
-Is necessarily responsible for the current increase of the title. (
You're here
S
stocks (TSLA) recently increased by about 5% to $ 312.82.)
But surely there is at least some excitement about his tweets, which promise "Some news from Tesla"On Thursday at what appears to be 5 pm ET.
What this could mean is that everyone guesses for the moment. A Tesla spokesperson did not respond to a morning request for more information; The company's main Twitter account does not mention an upcoming announcement, nor the Tesla blog or investor relations site. (Musk has more followers than Tesla, so it may not be that crazy.) The analysis of other media did not offer much more.
A detailed product announcement, perhaps related to the expected Model Y Intermediate SUV, does not seem exaggerated given the recent media coverage and company statements. Perhaps less likely, but not impossible, could be news on National Model 3 leasing.
But these are just suppositions – and, Twitter being Twitter, a riddle game, if not quite serious, is taking place in response to Musk's tweets from that moment on. (At the same time, a Bloomberg article states that the company appears ready to settle a large debt later this week, paying cash to do so.)
It may be hard not to read these latest tweets in the light of Monday's news that the government thinks Musk has violated the terms of a settlement with the Securities and Exchange Commission with a recent round of missives that made and corrected confusing statements about production estimates.
The tweets this morning? Who knows. We are as eager as anyone to know what they are talking about. Tesla's stock is up about 6% this week, surpassing the
S & P 500.
Send an email to David Marino-Nachison at [email protected]. Follow him to @marinonachison and follow Barron's Next to @barronsnext.
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