Back in 2018, Elon Musk tweeted about taking Tesla private. The SEC fined him and his company $40 million, he lost his Tesla chairmanship, and he was ordered to have his tweets reviewed by company lawyers. Three years later, his tweets are still influential. Whether about Tesla’s solar roof manufacturing plans or his opinion that Tesla’s stock is “too high,” his tweets continue to push the market up and down. Now, Musk has taken to tweeting about cryptocurrencies like bitcoin and dogecoin, sending those prices spiraling. Recode’s Rani Molla (@ranimolla) explains.

References: 

Rani wrote about Elon’s market-moving tweets. 

She also wrote about the Elon effect on the price of popular cryptocurrencies.

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