Elon Musk, a new Wall Street oracle?

In a highly fragmented media landscape, Musk has mastered the art of using new technologies ‘to really stoke excitement’, Damodaran said. — Reuters

NEW YORK: With his social media prognostications about Bitcoin or GameStop, Elon Musk has been venturing further away from his own businesses and becoming more like a Wall Street heavyweight who can move markets with just a few words.

In his latest foray, the Tesla and SpaceX founder appeared on Clubhouse – a social network accessible only by invitation – to interview the head of online broker Robinhood, who is in the hot seat for his management of the GameStop affair, a chain of video game stores whose share price recently rocketed and is shaking hedge funds.