Speaking of canines, the price of crytpocurrency dogecoin spiked following positive Musk's tweets . Some Musk tweets have been misinterpretedInvestors should be mindful that they risk getting burned if they assume that every cryptic Musk missive is a buy recommendation. So maybe, just maybe, investors shouldn't use Musk's Twitter ramblings as investment advice? As part of a settlement with the SEC , Musk stepped down as Tesla chairman and the company's board agreed to oversee his future communications with Tesla investors. The SEC declined to comment to CNN Business when asked about Musk's numerous stock and crypto-related tweets this year.

Source: CNN February 17, 2021 11:37 UTC