Elon Musk Took A Cheeky Swipe At Jeff Bezos After Amazon Breached The $2 Trillion Market Cap: Here's What The Famed Entrepreneur Said
Portfolio Pulse from Ananya Gairola
Amazon.com, Inc. (NASDAQ:AMZN) has reached a $2 trillion market cap, prompting a cheeky response from Elon Musk. The stock surge is attributed to a Buy rating and increased price target from BofA Securities, as well as strong sales performance. Despite this, Amazon shares were down 0.28% in after-hours trading.
June 28, 2024 | 11:38 am
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NEUTRAL IMPACT
Elon Musk's reaction to Amazon's market cap milestone highlights the competitive dynamic between major tech CEOs. This is more of a social media event than a market-moving one for Tesla.
Musk's comment is unlikely to have a significant impact on Tesla's stock price. It is more of a social media interaction than a market-moving event.
CONFIDENCE 80
IMPORTANCE 10
RELEVANCE 20
POSITIVE IMPACT
Amazon reached a $2 trillion market cap, driven by a Buy rating and increased price target from BofA Securities, and strong sales performance. Despite this, shares were down 0.28% in after-hours trading.
Amazon's market cap milestone and positive analyst ratings are strong indicators of future growth. However, the slight dip in after-hours trading suggests some short-term volatility.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100