Maye Musk Reveals Elon Recommended $1,000 Stock Investment at Age 14 ” despite the stockbroker saying the investment was a “bad idea.”

Maye Musk once invested $1,000 in stocks following Elon Musk’s advice.

image

 

Maye Musk – Elon Musk’s mother said she received investment advice from her son when the Tesla CEO was only 14 years old.

image

The 74-year-old model shared that more than 35 years ago, Elon Musk recommended that she buy stock in a company he “really believed in,” despite the stockbroker saying the investment was a ” bad idea”.

The above story was shared by Maye Musk on Twitter on May 1 after the world’s richest billionaire gave some advice on choosing stocks. The 50-year-old billionaire urged his Twitter followers to buy stocks of companies that produce products they “trust” and not to “panic” by the market reaction.

Giving an example of Elon Musk’s investment philosophy, Mrs. Maye said that in the 1980s, she invested about $1,000 in stocks that her son recommended. It was the largest amount of money she had ever ventured into this field.

image

Elon Musk’s faith in the company quickly paid off and the value of Maye’s investment tripled. When the stock price increased, Maye “panicked” and decided to sell all his shares.

“I wasn’t happy about it. This code then continued to increase. I also think it’s unfair for you to divide your profits between me, @kimbal and @ToscaMusk,” Maye said on Twitter.

Maye Musk did not specify how quickly the stock price increased or which company Elon Musk proposed to invest in. Her representative also declined to comment further on this matter.

image

Billionaire Elon Musk and his mother. Photo: Reuters

Elon Musk’s investment advice comes just days after he sold 9.6 million Tesla shares, worth $8.5 billion. This move is said to be to pay for the $44 billion deal with Twitter.

This is also not the first time the world’s richest man has given investment advice. Earlier this year, Elon Musk said owning material things like a house or stock in companies is “generally better than holding cash” when inflation is high.

image

Previously, in an interview with Insider , Maye Musk emphasized that she helped her 𝘤𝘩𝘪𝘭𝘥ren develop by encouraging them to pursue their personal interests. During his 𝘤𝘩𝘪𝘭𝘥hood, CEO Tesla showed a passion for books and computer programming. In April, Elon Musk shared at the TED conference that his success is largely due to his desire to answer important questions surrounding the meaning of life.

The model and mother of three wrote about her family and her first experience with the stock market in the book “A Woman Makes a Plan”.

Related Posts

HOT: Warner Bros. has terminated Robert De Niro’s $10 million contract due to fierce criticism

Warner Bros Cancels $10 Million Project with Robert De Niro Following Controversial Remarks In a surprising turn of events, Warner Bros has officially canceled a highly anticipated $10 million project featuring the legendary actor Robert De Niro. The …

Read more

Elon Musk’s Shocking Plan To Buy ABC, Oust David Muir, And Overhaul The Entire Network.

In a shocking move that has the media industry buzzing, billionaire entrepreneur Elon Musk is reportedly planning to acquire ABC and shake up the network with bold changes, starting with the ousting of veteran anchor David Muir. Sources close to …

Read more

Elon Musk Suspends Taylor Swift’s Account on X: She Loses More Than 2 Million Followers and $72 Million.

In an unexpected turn of events, Elon Musk, owner of the X platform (formerly known as Twitter), decided to ban the account of the famous singer Taylor Swift. This action has created a massive stir on social media and in the media, as Swift lost …

Read more

Taylor Swift gets emotional as she celebrates last Eras Tour show in Toronto: ‘I’m just having a bit of a moment’

Her tears ricochet. Taylor Swift became emotional onstage at Rogers Centre as she celebrated her sixth and final Eras Tour show in Toronto on Saturday night. In a video clip shared on TikTok , the “Bad Blood” singer, 34, attempted to hold back her tears …

Read more

Taylor Swift skips boyfriend Travis Kelce’s Chiefs vs. Panthers game after wrapping Toronto Eras Tour shows

Travis Kelce’s girlfriend, Taylor Swift, missed another one of his away games amid her busy touring schedule. The Grammy winner was absent as the Kansas City Chiefs faced off against the Carolina Panthers in Charlotte, NC, on Sunday. The pop star had …

Read more

Travis Kelce’s dad, Ed, attends final night of Taylor Swift’s Eras Tour in Toronto

Karma is Travis Kelce’s dad attending Taylor Swift’s Eras Tour. Ed Kelce was spotted at the sixth and final night of the singer’s stop in Toronto, Canada, on Saturday, greeting fans and wearing numerous friendship bracelets. In a photo shared on social …

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *