Elon Musk Reassures Advertisers By Revealing Why He Told Them To 'Go F*** Yourself' Last November: 'I Do Shoot Myself In The Foot From Time To Time'
Portfolio Pulse from Ananya Gairola
Elon Musk addressed advertisers at the Cannes Lions conference, explaining his previous outburst and reassuring them about the future of X, formerly Twitter. He emphasized the platform's commitment to free speech and acknowledged his own controversial behavior.
June 20, 2024 | 3:18 am
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POSITIVE IMPACT
Elon Musk's appearance at Cannes Lions and his efforts to reassure advertisers could positively impact Tesla's stock as it reflects his commitment to managing his public image and business relationships.
Musk's ability to address and potentially mend relationships with advertisers can be seen as a positive move for his overall business reputation, which indirectly benefits Tesla.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Elon Musk's invitation to advertisers to return to X, citing issues with Meta Platforms Inc.'s advertising system, could negatively impact Meta's stock in the short term.
Musk's comments may lead some advertisers to reconsider their spending on Meta's platforms, potentially impacting Meta's advertising revenue.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30