Will Tesla, Twitter, SpaceX or Dogecoin perform better in the next five years? 40% of Benzinga’s Twitter followers said so by Benzinga
© Reuters. Will Tesla, Twitter, SpaceX or Dogecoin perform better in the next five years? 40% of Benzinga’s Twitter followers said this
News that Elon Musk has taken a 9.2% stake in Twitter Inc. (NYSE:NYSE:) drove shares of the social media platform higher. Could Musk’s participation and a position on the board result in outsized returns for Twitter shareholders, and how will the performance compare to other Musk favorites?
What happened: Tesla Inc (:TSLA) CEO Elon Musk has been hoarding shares of Twitter since January 31, 2022. It was revealed on Monday that Musk now owns a 9.2% stake in the company , making it the main shareholder.
Along with being a shareholder, Musk was also announced as a new Twitter board member. Musk has actively engaged with his more than 80 million Twitter followers to see what they think of Twitter’s new priorities, such as adding an edit button, support for freedom of expression, etc.
With Musk now playing a role in Twitter’s future and some believing this will lead to major changes, Twitter could enjoy strong returns over the next few years after several years of poor performance.
Musk has a history of turning the companies he leads into strong shareholder returns.
Benzinga recently polled his Twitter followers to ask a question related to four popular Musk-related assets.
Related Link: Elon Musk’s SpaceX Offers 10-for-1 Private Stock Split: Report
Benzinga Poll: Recently, Benzinga asked his Twitter users, “Which of the following do you think will earn the most in the next five years?”
Possible selections were Twitter shares, Tesla, SpaceX or (CRYPTO:DOGE) shares. The current values at the start of the survey were:
- Tesla: $1,058 per share, $1.1 trillion market cap
- Twitter: $50.86 per share, $40.6 billion market cap
- SpaceX: $100.3 billion valuation based on private sale of shares in 2021
- Dogecoin: $0.1461 per DOGE, $19.4 billion market cap
Musk is the CEO of Tesla and SpaceX. The two companies are also the things he tweets about the most. Another popular item tweeted by Musk is Dogecoin, and his tweets often lead to short spikes in the price of the popular cryptocurrency.
The results of the Benzinga Twitter user survey were:
- Tesla: 39.5%
- Dogecoins: 24%
- SpaceX: 22.4%
- Twitter: 14%
Which of the following do you think will earn the most over the next five years? #ElonMusk
— Benzinga.crypto (@Benzinga) April 7, 2022
It shouldn’t come as a huge surprise that Tesla was selected as the winner of the poll. Tesla shares have risen more than 1,500% in the past five years.
One commenter was quick to point out that SpaceX’s potential valuation boost over the next five years could hinge on the space company going public.
Maybe spacex if it goes public but for now i would say tesla
— Stock Doctor (@stock_doctor) April 7, 2022
Surprisingly, Twitter got the fewest votes, showing investors see other Musk favorites leading the way over the next five years.
Photo: Courtesy of Tesla Owners Club Belgium on Flickr
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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