Do you know what Elon Musk stock to buy? He’s seen as quite an enigmatic man and a successful businessman. So when he talks, people listen. He has strong opinions on companies. And he’s not afraid to share them. As a result, we’ve seen him move entire sectors like cryptocurrency. Bitcoin has gone on a roller coaster due to Musk’s tweets.
Come on now, do I need to explain who Elon Musk is? He is the founder and CEO of Tesla (NASDAQ: TSLA). He’s one of the wealthiest people in the world. Elon is a social media hero with a loyal following wherever he goes.
Musk is also the founder of a few other companies, including the Boring Company, Neuralink, and SpaceX. Perhaps Musk is best known for being a controversial and polarizing figure who is never shy about giving his opinion.
Chart by TradingView
Table of Contents
Elon Musk Stocks Introduction
Musk was born in Pretoria, South Africa, but moved to the United States via Canada in 1989. He graduated from the University of Pennsylvania in 1995 and dropped out of a Ph.D. program at Stanford to start an internet company.
Along with his brother Kimbal, Elon founded an internet company called Zip2. He then found an online payment company called X.com and eventually created his most successful project: a little payment company called PayPal.
It has been long rumored that Musk will eventually take Neuralink or SpaceX public, but he has never confirmed these rumors. It is believed that SpaceX alone would be valued at over $100 billion, and Neuralink could be in the same neighborhood.
If you think that Elon Musk’s companies would make for good investments, you are certainly not alone. But until Musk makes anything official, the only company of his that you can invest in is Tesla. How much do you want to bet Tesla is on his Elon Musk stocks to buy list?
Best Elon Musk Stocks to Buy
If you follow Elon on Twitter or listen to his interviews, the things that Musk is fond of are quite obvious. He is constantly tweeting about things that he finds interesting and even interacts with other CEOs like Jack Dorsey from Square. While there isn’t an Elon Musk ETF, there are a few stocks that we think Musk would be interested in investing in himself. Of course, Musk is only invested in Tesla, where most of his wealth is concentrated. Speculating on things like an Elon Musk stocks-to-buy list is always fun!
1. Etsy (NASDAQ: ETSY)
The first stock in the Elon Musk stocks to buy list is Etsy. The stock has already jumped in the past when Musk tweeted about it, so let’s add Etsy to his official portfolio.
Musk has claimed he loves buying things from Etsy, which in the past, has included a wool Marvin the Martian helm for his pet dog. Nobody’s arguing with that! Etsy is a great platform that connects consumers to creators.
It is easy to use and provides unique items that you cannot find anywhere else. Now if only Etsy accepted this next investment that we think Elon would love….
2. DogeCoin
Well, it is all cryptocurrencies, but Musk has famously supported Doge for a long time. Hence, it made the Elon Musk stocks-to-buy list. The meme token started as a joke but quickly gained popularity among retail investors.
Part of the allure is that DogeCoin does not take itself too seriously. Once Elon Musk joined the DogeCoin train, the token’s price skyrocketed to all-time highs. It has since been adopted as payment by online sites, including AMC, for movie tickets.
Musk even announced that Tesla would be accepting DogeCoin as payment for merchandise. His active pumping of cryptocurrencies like DogeCoin has been criticized in the past. But with no regulatory body, the crypto world is like the wild wild west. It also helps that Musk has a Shiba Inu dog named Floki, which has also been the basis for several meme tokens.
3. Bitcoin
Musk’s relationship with Bitcoin has been a strenuous one. At one point, he accepted Bitcoin as payment for Tesla’s but has halted that for now. Musk also announced that Tesla was holding Bitcoin on its balance sheet, a move he claimed he regretted shortly afterward.
He has also been at odds with Bitcoin mining as Musk claims it is detrimental to the environment. Musk has asked social media users if there are ways to mine cryptocurrencies using renewable energy sources.
Still, Musk has been very active in discussing Bitcoin and is a fan of cryptocurrencies in general. It has never been confirmed if Musk owns Bitcoin, but we suspect he has a few coins lying around somewhere! This is why you see in our list of Elon Musk stocks to buy.
4. PayPal (NASDAQ: PYPL)
Perhaps this is one stock his friend Jack Dorsey wouldn’t appreciate. Dorsey is also the CEO of Block, formerly known as Square, which is seen as one of PayPal’s biggest rivals. Before there was Tesla before there was SpaceX, and before there was the Boring Company, there was PayPal. The fintech and payments company was where Musk started his fortune that has now made him the wealthiest man in the world. While Musk sold PayPal to EBay long ago, we suspect that the company still holds some sentimental value. In a real-life portfolio, would Musk choose PayPal? Or would he side with his friend Jack Dorsey’s company Block? We may never know!
Best Trading Companies
Stocks Elon Musk Would Not Own
While it’s fun to think about which stocks or assets Musk would own in his portfolio, we certainly know of a few he would not own. In essence, it is the opposite of Elon Mush stocks to buy. Let’s take a look at the small list of anti-Elon Musk stocks!
1. Lucid Group (NASDAQ: LCID)
You can probably insert any EV maker into this, but Lucid is the least likely stock for Musk to own. Not only is it one of Tesla’s largest competitors in the US, but it’s also run by former Tesla executive Peter Rawlinson. The two CEOs have traded jabs on social media this year, as Rawlinson has criticized Musk as a boss. Lucid certainly has some catching up if it intends to keep trash-talking Tesla. The newly public EV maker has only shipped about 500 vehicles in 2021, while Tesla will have shipped nearly 1 million in the calendar year.
2. Virgin Galactic (NYSE: SPCE)
Virgin Galactic is a direct competitor to Musk’s SpaceX company, but this CEO relationship is a lot friendlier than the one with Rawlinson. British CEO Richard Branson and Musk are on friendly terms in real life.
Musk even traveled to wish Branson well as he blasted off into space earlier this year. While Branson flew into space for the first time, Virgin Galactic’s stock has been heading in the opposite direction.
The stock is now down 40% year to date and is trading around its 52-week low price. Chances are Musk wouldn’t own this stock in his portfolio regardless of SpaceX’s competition.
As a result, we did not put this on our Elon Musk stocks to buy list.
3. BP (NYSE: BP)
Again, insert any oil giant into this space. If there is one thing that Musk does not like, it is the reliance on fossil fuels and the continued pollution of our environment. Musk is a strong advocate for the global environment and even stepped down from former President Trump’s business advisory councils after the President withdrew the US from the Paris Agreement for the climate. So, British Petroleum is amongst one of the worst offenders for damaging the environment, and you can bet it is one of the last companies Musk would invest in. After all, it seems counterintuitive for the CEO of the world’s largest EV company to invest in oil.
4. Meta Platforms (NASDAQ: FB)
Musk has clarified his opinions on Facebook founder Mark Zuckerberg fairly: the two are not friends. Elon has openly criticized Facebook and has publicly told people to delete their profiles. He and Zuckerberg also disagree on key concepts like artificial intelligence and how to use it in the future. The two billionaires are among Silicon Valley’s most influential CEOs, and it almost seems natural that Musk and Zuck are becoming bitter rivals.
Final Thoughts: Elon Musk Stocks to Buy
Elon Musk is probably among the most famous people in the world these days. In real life, he is only invested in Tesla, although it has been hinted that he does own some cryptos. Sometimes, imagining what these billionaires would hold in their portfolios is just fun. It might be even more fun to talk about the stocks he would not hold, though! Musk can move markets with one tweet, so it should come as no surprise that people are interested in investments related to Musk.
