Wall Street was a complete madness during the present week. Yes, the focus has been on the ‘Meme Stock’ and the appreciation of Game Stop, AMC and other companies experiencing problems due to the pandemic. However, Elon Musk is also attracting the spotlight after his tweets boost the value of CD Projekt Red shares, which had fallen precipitously during December after the disastrous launch of Cyberpunk 2077.
Unless you live in a cave, you probably knew that the value of CD Projekt Red plummeted after multiple bug reports in Cyberpunk 2077. Not forgetting, of course, that Sony removed the game from the PlayStation Store and offered refunds. Since that time, the Polish company has been surrounded by controversy, although the market gradually responded favorably to its measures to mitigate the disaster. But at no point did they anticipate that Elon Musk would be his greatest savior.
On Thursday, the day after Tesla presented the renovated interior del Model S, Elon Musk spoke positively about Cyberpunk 2077 and CD Projekt RED shares soared. First of all, the manager commented that he could play Cyberpunk 2077 aboard the aforementioned vehicle, as it integrates its own 10 Teraflops “gaming computer”. Shortly after he commented, “The Cyberpunk aesthetic is amazing, by the way. The interior design is ????”
CD Projekt shares jumped 19%
But undoubtedly Elon Musk’s greatest contribution to the salvation of CD Projekt Red came hours later, when noted that Cyberpunk 2077 it was a great game. His statement caused some surprise, since most opinions agree on the technical deficiencies suffered by the title, mainly in the console versions. Chances are, the Tesla CEO is one of the lucky ones enjoying it on PCs with a high-end GPU.
CD Projekt Red shares increased in value by 19% after Elon Musk posts. Yes, you read that right. It is the biggest jump in the stock market that the Polish company has made since 2015, as reported Bloomberg. All for a series of tweets. And if it was not enough to revalue those responsible for Cyberpunk 2077, he also did the same with the Bitcoin.