Executives of Etsy applaud as they open the Nasdaq MarketSite ahead of Etsy’s initial public offering in New York, April 16, 2015.
Michael Nagle | Bloomberg | Getty Images
Shares of Etsy are popping after Tesla chief Elon Musk sent a simple tweet about the e-commerce company.
Ety’s stock rose 9% in premarket trading following Musk tweeted: “I kinda love Etsy.”
The e-commerce company stock wasn’t moving at all in the premarket before Musk’s callout at 6:25 a.m. ET. It was set to be the biggest gainer in the S&P 500 when markets opened.
“Bought a hand knit wool Marvin the Martian helm for my dog,” Musk tweeted, seemingly in reference to why he is a fan of Etsy.
While Musk’s opinion certainly…