Elon Musk's New Product Tweet Adds $1bn to Company's Value

By Gary Cutlack on at

The owner of electric carmaker Tesla has revealed that a new mystery product will be announced at the end of April, sending the company's share price rocketing by more than five per cent in anticipation -- that's well over $1bn in added value thanks to a 115 character tweet. Imagine if he'd used all 140 characters or included a funny image of a cat.

Tesla's billion dollar tweet reads: "Major new Tesla product line -- not a car -- will be unveiled at our Hawthorne Design Studio on Thurs 8pm, April 30." Rather ironically, just last week Musk tweeted that he never intends his message to boost the company's share price, saying: "Some people seem to think I tweet to affect share price. This is false. A brief rise in $TSLA stock obviously does no good for Tesla or me."

Previous hints at new Tesla product lines have suggested that the company's working on a "home battery" that could power your house, presumably letting you load up on cheap overnight charges to keep your needlessly powerful computer on all day on the cheap. So it could be that. Hopefully it's not a smartwatch or a VR headset, else that share price will be going right back down again.

So what should it be? A little electric scooter or bike? A revolutionary smartphone battery that could last for three entire days? Solar panels? Flying cars? Personal spaceships? A big statue of Musk giving the middle-finger across the Atlantic to Richard Branson while saying "Ha ha, I'm richer and younger than you and Tubular Bells was shit"? [Twitter]