Get All Access for $5/mo

This Is What Elon Musk Said About Wealth Creation Tesla CEO Elon Musk doled out some financial advice on his Twitter handle on May 1. And when the world's richest man gives tips on wealth creation, we listen.

By Kabir Singh Bhandari

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

TED YouTube
Elon Musk

Tesla CEO Elon Musk doled out some financial advice on his Twitter handle on May 1. And when the world's richest man gives tips on wealth creation, we listen.

This is what Musk said in his tweet to his 89.9 million followers:

Since I've been asked a lot:

Buy stock in several companies that make products & services that *you* believe in.

Only sell if you think their products & services are trending worse. Don't panic when the market does.

This will serve you well in the long-term.

ALSO READ: 32 Proven Ways to Make Money Fast

A few more tweets like these and he could easily hand out an e-book on investment advice which will rise to the top of the bestseller list in no time. Of course there will be different takes on his investment advice too, just like there are on different aspects of his life. The most polarizing one was his recent decision to take over Twitter for $ 44 Billion. Social media erupted in a frenzy discussing how it would be detrimental for the world at large if someone like him heads the social media platform, while others being in support of his takeover.

SEE: Ankit Wadhwa, Rario CEO on the future of cricket fandom

The fears aren't unfounded, as Musk is a free speech absolutist, meaning that marginalised groups could face hate during his reign, but that is something only time will tell. His supporters, however, were none other than Twitter founder Jack Dorsey, who claimed Musk was the "singular solution' for the company.

Musk found another supporter in founder & CEO of Zoho Corp, Sridhar Vembu. In an interview to ET, Vembu said that Twitter was limiting itself due to all the "virtue signaling' and ideological affiliation, because of which anyone with a different viewpoint may not have their thoughts aired properly. Referring to Musk as a "great visionary' Vembu said he agreed with Musk's thoughts on free speech.

Kabir Singh Bhandari

Former Senior Assistant Editor

Science & Technology

Use This Framework to Successfully Integrate AI Into Your Business Operations

Here's how to ensure both innovation and compliance when using AI in your organization.

Growing a Business

Why Business Owners Should Streamline Their Operations Now for Success in 2025

As the holiday season and year-end approach, business owners face heightened operational demands, from inventory management to spend control. By streamlining these processes and partnering with flexible suppliers, businesses can maintain efficiency, meet customer needs and focus on growth while navigating this busy period.

Business News

Apple Is Adding ChatGPT to iPhones This Week. Here's How It Works.

ChatGPT will take over questions that Siri can't answer.

Growing a Business

5 Effective Strategies to Boost Your Business's Online Presence

Boosting your online presence in 2025 is the key to success for businesses looking to grow. Working on your branding and reputation management is important to drive more sales and improve conversion.

Leadership

Why Your AI Strategy Will Fail Without the Right Talent in Place

Using fractional AI experts through specialized platforms allows companies to access top talent cost-effectively, drive innovation and scale agile strategies for growth.