Elon Musk's 'Burnt Hair' Perfume Began Shipping This Week: Why It Was A Better Investment Than Tesla
Portfolio Pulse from Adam Eckert
Elon Musk's 'Burnt Hair' perfume, a product of The Boring Company, began shipping this week. The perfume, which sold out within 48 hours of its release in October 2022, is now being resold on eBay for between $130 and $200 per bottle, with some going for as high as $300. This represents a 50% return in just nine months, outperforming Tesla's stock, which would have given a return of approximately 21% to 27% if bought on the same day the perfume was released.
July 12, 2023 | 6:08 pm
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NEUTRAL IMPACT
The news mentions that Tesla listed the Cyberwhistle for sale on its site in Dogecoin during the last crypto bull run.
The news passively mentions Dogecoin in relation to a past event where Tesla listed a product for sale in the cryptocurrency. This is unlikely to have a significant impact on Dogecoin's price.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
Elon Musk's 'Burnt Hair' perfume is being resold on eBay for between $130 and $200 per bottle, with some going for as high as $300.
The news highlights that eBay is the platform where the perfume is being resold, which could potentially increase traffic and transactions on the site.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
The news highlights that the return on investment from purchasing Elon Musk's 'Burnt Hair' perfume has outperformed Tesla's stock over the past nine months.
While the news is not directly related to Tesla's operations, it does compare the return on investment of the perfume to that of Tesla's stock, which could potentially influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80