Tesla CEO Elon Musk tweeted on Tuesday: “I kinda love Etsy.”


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…


Short sellers are down $91 billion in January as GameStop leads squeeze in stocks they bet against

Previous article

Start-up tackling decarbonization gets funding from Amazon climate fund, Grantham

Next article

You may also like

Leave a Reply

Notify of

More in Investing