Elon Musk hits back at his critics a few days after the ‘RIPTwitter’ trend and considers more layoffs to cut costs. Bet on the billionaire with these other assets

'Twitter is ALIVE': Elon Musk hits back at his critics just days after the 'RIPTwitter' trend and considers more layoffs to cut costs.  Bet on the billionaire with these other assets

‘Twitter is ALIVE’: Elon Musk hits back at his critics just days after the ‘RIPTwitter’ trend and considers more layoffs to cut costs. Bet on the billionaire with these other assets

Even as a private company, Twitter continues to make headlines — and they aren’t exactly positive.

New owner Elon Musk has cut thousands of jobs at the social media giant, scrapped the company’s “rest days” — monthly days off for employees to rest and recharge — and ended its remote working policy.

The hashtag #RIPTwitter went viral last week following reports of workers quitting en masse after Musk ordered them to commit to “long, high-intensity hours” or leave.

But Musk seems to be doubling down.

“Twitter is alive,” he says in a weekend tweet, which has since garnered 1.4 million likes.

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In addition, Bloomberg reports that Musk is considering laying off even more employees, targeting the company’s sales and collaboration teams.

For a company that lost $344 million in operations in a quarter (according to Twitter’s latest available financial report as a public company), cutting costs could be just what the doctor ordered.

Unfortunately, if you like what Musk is doing to improve efficiency and reduce costs at Twitter, you can’t invest more in it.

But you can still invest with Elon Musk – here’s how.

Tesla (TSLA)

As a serial entrepreneur, Musk has founded quite a few successful companies. But he is best known as the co-founder and CEO of EV maker Tesla.

According to Bloomberg, Tesla stock is Musk’s biggest asset right now.

While Tesla stock hasn’t been a hot commodity — shares are down a painful 45% so far — it remains a behemoth in the auto industry. With a market capitalization of approximately $680 billion, Tesla is many times larger than Ford and General Motors combined.

And despite the stock’s decline, it’s still going in the right direction.

In Q3, Tesla shipped 343,830 EVs (18,672 Model S/X and 325,158 Model 3/Y). The amount represented a 42% year-over-year increase.

Wall Street also sees upside in Tesla stock. For example, Morgan Stanley analyst Adam Jonas has an “overweight” rating for Tesla and a price target of $330 — about 83% above where the stock stands today.

Property

Musk has discussed the importance of owning “physical things” in an inflationary environment.

As a general principle, for those seeking advice from this thread, it is generally better to own physical things, such as a house or shares in companies that you think make good products, than dollars as inflation is high.”

Despite the Fed’s aggressive rate hikes, real estate remains a popular asset. The S&P CoreLogic Case-Shiller 20-City Composite Home Price NSA Index is up 13% over the past year.

Read more: Trade up while the market is low: Here are the best investing apps to seize once-in-a-generation opportunities (even if you’re a beginner)

As the price of raw materials and labor rises, new real estate becomes more expensive to build. And that drives up the price of existing real estate.

Well-chosen properties can also provide a steady stream of rental income.

But you don’t have to be a landlord to start investing in real estate. There are plenty of real estate investment trusts (REITs) and crowdfunding platforms that can put you on the path to becoming a real estate mogul.

Cryptocurrency

Once considered a niche asset, cryptocurrency has now gone mainstream. A study by the CFA Institute earlier this year showed that 94% of state and government pension plans have invested in cryptocurrencies.

Of course, many investors learned about the volatility of cryptocurrencies the hard way from this year’s massive downturn. For example, bitcoin – the largest cryptocurrency in the world – is down 66% so far in 2022.

Musk has been one of the more vocal proponents of cryptocurrency.

“I still own and will not sell my Bitcoin, Ethereum or Doge fwiw,” he said in a tweet earlier this year.

There are plenty of platforms that allow you to invest in crypto. Be mindful of fees: Many exchanges charge up to 4% in commission fees just to buy and sell crypto. But some investment apps charge 0%.

What to read next

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  • There is a good chance that you are paying too much for your home contents insurance. Here’s how to spend less for peace of mind

This article provides information only and should not be taken as advice. It comes without any kind of warranty.

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