37% of Americans in a recent online survey say they've made trades based on an Elon Musk tweet
- Nearly 40% of respondents in an online survey said they had made personal investments based on Elon Musk's tweets.
- Of respondents who indicated they knew of Musk, 48% said they thought he was a "genius," while 7% said they thought he was a "jerk."
- Piplsay said it polled 30,400 people online in the US from February 6 to 8.
- Sign up here for our daily newsletter, 10 Things Before the Opening Bell
In an online survey last month, 37% of respondents said they had made personal investments based on the tweets of Elon musk at least once. Sixteen percent said they'd invested many times based on the Tesla CEO's tweets.
Piplsay said it polled 30,400 people in the US online from February 6 to 8 to assess what people think of the billionaire entrepreneur. Musk has been vocal on Twitter, posting his opinions on everything from Dogecoin to GameStop.
Piplsay said that nearly half of respondents said they found Musk's market-moving tweets "quite amusing." About a quarter said they were uncertain, while 29% said they were not amusing.
Piplsay said that of the respondents who indicated they knew of Musk, 48% said they thought Musk was a "genius," while 7% said they thought he was a "jerk."
Nearly half of those asked what they admired about Musk said his "passion and commitment," while 35% who were asked what they hated about Musk said his "arrogance," Piplsay said.
In August 2018, Musk got himself in trouble with the US Securities and Exchange Commission after tweeting about taking Tesla private, saying he had "funding secured."
Recently, his tweets about GameStop have drawn the ire of Bill Gross, who made an ill-timed bet against GameStop in January that caused him to lose as much as $15 million at one point.
"Musk is a little devil and he enjoys playing these games," Gross said last month. "He's just a frisky guy and so I didn't resent that, but it doubled the stock and that's when I lost the most sleep - it was after Musk did that."