Elon Musk hits again at his critics simply days after the ‘RIPTwitter’ development, considers much more layoffs to slash prices. Guess on the billionaire with these different property

Whilst a non-public firm, Twitter continues to make headlines — and so they aren’t precisely optimistic.

New proprietor Elon Musk has reduce hundreds of jobs on the social media large, eliminated the corporate’s “days of relaxation” — month-to-month days off for workers to relaxation and recharge — and ended its distant work coverage.

The hashtag #RIPTwitter went viral final week on studies that staff have been quitting en masse after Musk informed them to both decide to “lengthy hours at excessive depth” or depart.

However Musk appears to doubling down.

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

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Furthermore, Bloomberg studies that Musk is contemplating shedding much more staff, concentrating on the corporate’s gross sales and partnership groups.

For an organization that misplaced $344 million from operations in 1 / 4 (per Twitter’s final accessible monetary report as a public firm), cost-cutting may very well be precisely what the physician ordered.

In the event you like what Musk is doing to enhance effectivity and cut back prices at Twitter, sadly, you may now not spend money on it.

However you may nonetheless make investments alongside Elon Musk — right here’s a have a look at how.

Tesla (TSLA)

As a serial entrepreneur, Musk has created fairly a couple of profitable companies. However he’s finest often called the co-founder and CEO of EV maker Tesla.

In response to Bloomberg, Musk’s greatest asset in the meanwhile is Tesla fairness.

Whereas Tesla inventory hasn’t been a sizzling commodity — shares are down a painful 45% 12 months thus far — it stays a behemoth within the automotive trade. With a market cap of round $680 billion, Tesla is a number of occasions larger than Ford and Basic Motors mixed.

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And regardless of the inventory’s downturn, enterprise continues to be on the right track.

In Q3, Tesla delivered 343,830 EVs (18,672 Mannequin S/X and 325,158 Mannequin 3/Y). The quantity represented a 42% improve 12 months over 12 months.

Wall Avenue additionally sees upside in Tesla shares. For example, Morgan Stanley analyst Adam Jonas has an ‘chubby’ score on Tesla and a worth goal of $330 — roughly 83% above the place the inventory sits as we speak.

Actual property

Musk has mentioned the significance of proudly owning “bodily issues” in an inflationary surroundings.

“As a normal precept, for these searching for recommendation from this thread, it’s usually higher to personal bodily issues like a house or inventory in corporations you assume make good merchandise, than {dollars} when inflation is excessive.”

Regardless of the Fed’s aggressive charge hikes, actual property stays a preferred asset. The S&P CoreLogic Case-Shiller 20-Metropolis Composite Residence Value NSA Index is up 13% over the previous 12 months.

Learn extra: Commerce up whereas the market is down: Listed here are the most effective investing apps to pounce on ‘once-in-a-generation’ alternatives (even when you’re a newbie)

As the value of uncooked supplies and labor goes up, new properties are dearer to construct. And that drives up the value of present actual property.

Nicely-chosen properties can even present a gradual stream of rental earnings.

However you don’t must be a landlord to start out investing in actual property. There are many actual property funding trusts (REITs) in addition to crowdfunding platforms that may get you began on turning into an actual property mogul.

Cryptocurrency

As soon as thought of a distinct segment asset, cryptocurrency has now entered the mainstream. A examine from the CFA Institute earlier this 12 months confirmed that 94% of state and authorities pension plans have invested in cryptocurrencies.

After all, many traders realized about cryptocurrencies’ volatility the exhausting approach via this 12 months’s huge pullback. For example, bitcoin — the most important cryptocurrency on the planet — is down 66% to this point in 2022.

Musk has been one of many extra outspoken proponents of cryptocurrency.

“I nonetheless personal & gained’t promote my Bitcoin, Ethereum or Doge fwiw,” he stated in a tweet earlier this 12 months.

There are many platforms that can help you spend money on crypto. Simply pay attention to charges: many exchanges cost as much as 4% in fee charges simply to purchase and promote crypto. However some investing apps cost 0%.

What to learn subsequent

• Over 65% of Individuals do not store round for a greater automobile insurance coverage deal — and that may very well be costing you $500 a month

• Your money is trash: Listed here are 4 easy methods to guard your cash in opposition to white-hot inflation (with out being a inventory market genius)

• Chances are high good you are overpaying for house insurance coverage. Here is the right way to spend much less on peace of thoughts

This text supplies data solely and shouldn’t be construed as recommendation. It’s offered with out guarantee of any variety.