Tesla CEO Elon Musk Gives Investment Advice He Says Will “Serve You Well In The Long Run”

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

Elon Musk’s investment advice

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

He explained that investors should buy shares in several companies that make products and services they believe in. They should only sell if they think those products and services are trending worse, Musk continued, stressing that they shouldn’t panic when the market does. “It will serve you well in the long run,” said the Tesla boss.

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.

Responses to his tweet were mixed. Some people agreed with Musk while others argued over different aspects of his advice, such as saying that severely overvalued investments shouldn’t be held for the long term and that all market reactions shouldn’t be ignored. A few took Musk’s advice as a warning that his electric car company, Tesla (TSLA), could soon have bad news.

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

Some investors have noted that Musk’s advice is similar to the value investing strategy touted by Berkshire Hathaway CEO Warren Buffett. The Oracle of Omaha spoke extensively about value investing over the weekend, explaining why it doesn’t invest in bitcoin or other cryptocurrencies.

Several people pointed out that Musk used this strategy in his bid to buy Twitter. The world’s richest billionaire struck a deal to buy 100% of the social media platform for around $44 billion last week.

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

As a rule of thumb… it’s usually better to own physical assets like a house or shares in companies that you think make good products, than dollars when inflation is high.

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

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

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Kevin Helms

An economics student from Austria, 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 between economics and cryptography.

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