Musk is such a fool. He calls out trades every day, disrupting industry development.
The editor used to short sell a few hours after Musk's calls, and it was basically a sure profit, helping Trump win the presidency, gaining a lot of attention, and the duration of the calls was a bit longer. Ultimately, Musk's behavior undermines market development. In the past week, he's made dozens of calls. It's like those stock market celebrities starting companies with an IPO. A worthless company gets valued in the hundreds of millions, causing retail investors to go crazy buying in. It has no real value. This is all due to the celebrity effect. Musk is even more outrageous than those celebrities. Recently, he's been making calls almost every day, calling out multiple different cryptocurrencies. Occasionally making a few calls is fine, but calling every day is completely unnecessary. This situation only arises when one has a lot of inventory and is desperate to offload it. Very few financial bigwigs around the world engage in such frequent trade calls. If Musk continues this way, he will lose credibility.