I think it could go multiple directions, Elon may hold onto his shares and the stock may rise and fall like all the meme stocks tend to do whenever someone tweets something positive about it. Elon could sell all of his shares and the stock could tank, or Elon could try a hostile takeover and try to buy Twitter outright in which case the shares could jump.
I just feel like this has happended alot.
He uses his fame and PR, and a tweet or something, and a stock goes up, and then a week or so lateron, he tweets something else and it drops.
Its like he enjoys messing around with the stocks, based on his say so.
Hes also, done this before, where he boughts something, it goes up, and then he sells.
Knowing full well his "makeing a big hoo-ha, about buying stocks, forces it up".
People that follow trends, usually do so late, and end up burnt.
Like if you follow musk, I'd be nervous about keeping stocks that got a bump out of him, for long.
ei. dont buy stocks because of musk, do it if you believe in it yourself.
because Musk enjoys messing around too much lol.
But to each their own.
Like a month ago, it was at 33$.
Now after Musk PR effect, its at 47-50$ or so.
If Musk leaves or dumps his stocks, be ready to have it go under 33$
(I guess if your patient enough, for long term investing into it, its fine though (its bound to eventually go higher), but if your just rideing the wave shortterm...)