Rise of the ‘Tesla killer’: Chinese EV firm backed by Buffett sees shares soar as Elon Musk’s stock sinks

Since Twitter is a private company, you can’t buy it on the public market. However, accredited investors can open an account with Hiive and add X to their pre-IPO portfolios. Hiive is an investment marketplace where accredited investors can buy shares of private companies from existing shareholders. Yet people are not things, empires are not invincible, and no one can control everything.

Following Elon Musk’s takeover of Twitter in 2022, much of the contents of Twitter’s former offices were auctioned off in 2023. Other, slightly smaller versions of the logo proved to be popular at the time, with one statue that decorated the office selling for $100,000. The building’s other large bird logo was auctioned off in that sale for an undisclosed price.

Billionaire entrepreneur Elon Musk’s acquisition of Twitter last year for a staggering $44 billion had sent shockwaves around the world. However, recent developments indicate a rocky road ahead fxcm review for the microblogging site. Financial services company Fidelity has estimated Twitter to be worth just one-third of what Elon Musk had paid for it. Jonathan is an experienced data analyst with a keen interest in technology. He has worked with hedge funds, cryptocurrency exchanges, and AI research firms.

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The firm was set up by Google’s parent company Alphabet but is about to be spun out into a separate company. Another of Musk’s businesses under pressure from his political antics is Starlink, a satellite business that allows people to stay connected to high-speed internet in remote areas. Musk’s rocketry group is his most famous business aside from Tesla, with launches of its massive rockets often making headline news.

OpenAI is a partner in the venture alongside New York-listed software giant Oracle and Japanese investment conglomerate Softbank. All this comes as investors increasingly look beyond the US – including to China – as Trump’s trade wars Forex harmonics fuel fears over the health of the world’s biggest economy. Shares in Chinese electric vehicle champion BYD have accelerated to a record high and are up 44 per cent this year. At the same time, Tesla has been in reverse, losing more than 40 per cent of its stock market value.

  • He doesn’t see why the United States should care who controls such places; in his view, Russia is bigger and stronger than Ukraine, and that settles the matter.
  • But many more Ukrainian areas remain firmly in Russian hands, and Ukraine has few positive messages to deliver to the people in these areas beyond hoping for the best.
  • Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
  • Whether you still call it Twitter or you’ve acclimated to X, retail investors can’t buy this brand in the current market.
  • When negative, the current price is that much lower than the highest price reported for the period.

More on Musk’s acquisition of Twitter (X)

As mentioned above, Cathie Wood’s ARK Venture Fund owns a small stake in X. In October 2023, 50 of its top 100 U.S. advertisers stopped advertising on Twitter (which had been rebranded as X in July 2023), citing concerns over brand safety and content moderation issues. Despite being founded in 2006 and being a public company since 2013, Twitter was still not profitable in 2022. I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential — I look forward to working with the company and the community of users to unlock it.”

Comments on X, including users stating “this is insane inflation”, “real sign of inflation” and “inflation is mental.”, highlight public dismay. Despite Musk’s claims of advertisers returning to the platform, data shows a decline in ad revenue, and major companies are no longer among Twitter’s top advertisers. Musk’s controversial tweets and disruptive changes have left advertisers wary. With revenue and earnings taking a hit, the future of Twitter under Musk’s leadership remains uncertain. If you’re determined to know how to buy stock in Twitter as a retail investor, you won’t find any way to own shares in this company. Whether you still call it Twitter or you’ve acclimated to X, retail investors can’t buy this brand in the current market.

Stock Score Locked: Want to See it?

These forms of violence have been documented in all areas seized by Russian troops from the initial phases of the war up to the past year. The consistent pattern suggests these are not a result of excesses by particular Russian units but rather Russian state policy. Even the slightest past affiliation with the Ukrainian state can have extreme consequences. Many attribute the “disgusting” surge in the cost of the Euro Shopper chocolate bar to inflation.

Honda and Acura EVs will be able to use the Tesla Supercharger network in June

  • However, in February 2025, news broke that X may be raising funding at a $44 billion valuation, the same price at which Musk took the company private.
  • However, the strategy was never enacted, and shareholders ultimately approved the purchase.
  • X (Twitter) is not a public company, so there’s no way to buy its stock in your traditional brokerage account.
  • Barchart also offers extensive historical data through Barchart Excel and via API through Barchart OnDemand (Web Services).
  • “Everything’s computer,” Trump gushed after climbing into one car alongside Musk.

Performance figures for periods greater than one year are annualised and presented as “per annum” values. The peer comparison figures have been sourced from Morningstar data and is therefore limited to the funds and investment products included in their database. This may not include all funds available for retail investment in Australia.

The next-most recent was the Great Recession, spanning 2007 through 2009, and it was linked to the subprime mortgage crisis and a general housing market collapse. Great British Memes, an Instagram page, showed a post of the Euro Shopper milk chocolate bar, complete with images showcasing the rise from 50p to 85p when its size increased from 90g to 100g, and then to £1.15 for the same-sized bar. The bar was widely recognised as an affordable option compared to larger brands like Cadbury and Galaxy.

This leadership change adds another layer of uncertainty what is the economic calendar and how to start working with it to Twitter’s future trajectory. His unconventional decision-making style and difficulties with content moderation have had a negative impact on the platform’s advertising revenue. In fact, the company has seen a staggering 50% decline in advertising revenue after taking on $13 billion in debt under Musk’s leadership. These financial challenges have raised concerns about Twitter’s ability to generate sustainable revenue and maintain its position in the competitive social media landscape. Since Elon Musk took Twitter private, TWTR shares went off the public market, meaning retail investors don’t have a way to buy Twitter stock. In comments and social media posts during his campaign and in the run-up to his inauguration, Trump called for a rapid agreement between Russia and Ukraine to end the war.

While Trump Courts Him, Putin Is Escalating Russia’s Hybrid War Against the West

However, the response has been underwhelming, with less than 1% of monthly users signing up as of March. This lackluster performance indicates the difficulty of monetizing a platform that has traditionally relied heavily on advertising. WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.Information is provided ‘as-is’ and solely for informational purposes and is not advice.

Retail investors can invest in the ARK Venture Fund — which also owns stakes in SpaceX, Epic Games, and OpenAI — via SoFi. Today, X makes up just 0.79% of the fund’s holdings, though Wood has been trying to increase her stake in the company. X (Twitter) is not a public company, so there’s no way to buy its stock in your traditional brokerage account. Still, as Musk is convincing investors that X — which he hopes to turn into a “do everything” app eventually — is worth $44 billion, his fortunes elsewhere haven’t been as rosy. Musk, who is now President Donald Trump’s “first buddy” and is in charge of the administration’s dismantling of the federal government, saw the social media giant plummet in value immediately after taking it over. Barchart Plus Members have 10 downloads per day, while Barchart Premier Members may download up to 250 .csv files per day.