Musk says wise to avoid margin loans during macroeconomic risks

Technology
Friday, 09 Dec 2022
2:23 PM MYT

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FILE PHOTO: Tesla CEO Elon Musk speaks about new Autopilot features during a Tesla event in Palo Alto, California October 14, 2015. REUTERS/Beck Diefenbach/File Photo

(Reuters) - Tesla Chief Executive Elon Musk said it was "generally wise" to avoid using margin loans on any company when there are macroeconomic risks involved, in response to a question on Twitter about the electric-vehicle maker's stock performance.

"When there are macroeconomic risks, it is generally wise to avoid using margin loans on any company, as stocks may move in ways that are decoupled from their long-term potential," Musk tweeted late on Thursday, without naming any companies.

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Football1h ago

Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
PUC	0.025	0.030	0.020	0.020	0.000	0.00	1,047,000
HSI-CWGB	0.110	0.130	0.110	0.130	0.015	13.04	758,668
HSI-PWHC	0.205	0.205	0.175	0.175	-0.030	-14.63	694,438
TANCO	0.955	0.965	0.940	0.940	-0.015	-1.57	655,096
MRDIY	1.630	1.650	1.590	1.630	-0.010	-0.61	576,892
HSI-PWFZ	0.240	0.240	0.200	0.200	-0.030	-13.04	570,317
YTL	2.160	2.160	2.120	2.120	-0.040	-1.85	496,824
HSI-CWEY	0.145	0.165	0.145	0.160	0.015	10.34	490,076
MYEG	0.905	0.920	0.905	0.905	0.000	0.00	477,094
HSI-CWC6	0.045	0.055	0.040	0.055	0.005	10.00	423,025
PBBANK	4.190	4.250	4.190	4.210	0.020	0.48	401,099
BJCORP	0.270	0.275	0.260	0.270	0.000	0.00	345,425
KPJ	2.660	2.660	2.560	2.580	-0.090	-3.37	341,552
HSI-PWHB	0.070	0.070	0.060	0.060	-0.015	-20.00	306,177
ASTRO	0.175	0.175	0.160	0.160	-0.015	-8.57	285,462

Musk says wise to avoid margin loans during macroeconomic risks