Tesla CEO Elon Musk Mocks Mark Zuckerberg's $36B Metaverse Gamble: 'Genius Move'
Portfolio Pulse from Ananya Gairola
Elon Musk, CEO of Tesla, has mocked Mark Zuckerberg's $36 billion investment in the metaverse through Meta Platforms Inc. (NASDAQ:META). Musk's comment came in response to a post by Autism Capital on X, formerly Twitter. Despite the mockery, Zuckerberg remains steadfast in his belief that the metaverse represents the future of computing. However, there are concerns about the performance of Meta's social app, Horizon Worlds.
September 21, 2023 | 11:59 am
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NEGATIVE IMPACT
Mark Zuckerberg's $36 billion investment in the metaverse through Meta Platforms Inc. has been mocked by Elon Musk, which could potentially impact Meta's stock in the short term.
Elon Musk's comment could potentially influence investor sentiment towards Meta Platforms Inc., especially considering the ongoing concerns about the performance of Meta's social app, Horizon Worlds.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Elon Musk's mockery of Mark Zuckerberg's metaverse investment could potentially impact Tesla's stock in the short term.
While Elon Musk's comment is not directly related to Tesla's operations, his public persona and statements can influence investor sentiment towards Tesla.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50