Maye Musk gave a demonstration of the billionaire’s approach to investing. According to the model, she invested roughly 1,000 South African Rands, or $1000 USD, in the stock her son suggested in the 1980s. She stated that it was the maximum amount she was prepared to lose on the stock.

But according to Maye Musk, Elon Musk’s investment increased as soon as his trust in the business paid off. The model said that she “panicked” and sold her shares when the stock rose.

Maye Musk wrote on Twitter, “You weren’t happy,” speaking directly to her kid. “That stock kept getting higher. You also felt that it was unjust that I divided the winnings between @ToscaMusk, @kimbal, and you. despite the stockbroker’s opinion that the investment was a “bad idea,” “really believes in.”

Maye Musk did not say which company Elon Musk encouraged her to invest in or how fast the stock price increased from 1,000 South African Rands to 3,000. Maye Musk does not usually remark on family interactions, according to a model spokesperson who declined to comment on the matter.

Days after selling 9.6 million shares of Tesla for $8.5 billion, Elon Musk gave this advise. His $44 billion acquisition of Twitter is probably going to be financed by the sell-off.

The world’s wealthiest man had previously given investing advice. Elon Musk stated earlier this year that “when inflation is high,” it is “generally better to own physical things like a home or stock in companies” rather than cash.
On Twitter, Maye Musk shared further details about her financial experiences. She stated on Sunday that she paid 100 South African Rands for her first shares in 1969 and then transferred ownership to Elon Musk upon his birth in 1971. In 1989, the Tesla creator moved from South Africa to Canada with the aid of the same stock.

Maye Musk highlighted in an earlier interview with Insider that she encouraged her kids to follow their own hobbies in order to help them grow. The founder of Tesla stated that he had a strong interest in reading and computer programming as a child. During a TED conference in April, Elon Musk stated that his ambition to find answers to important questions about the purpose of life has been a major factor in his success.

In her book “A Woman Makes a Plan,” the model and mother of three talked about her family and her initial encounters with the stock market.