Introduction
It’s no secret that Jeff Bezos and Elon Musk are two of the most powerful and influential businessmen in the world today. Their companies, Amazon and Tesla, respectively, have revolutionized the way we shop, travel, and live our lives. But what stock are these two billionaires buying in 2023? In this article, we’ll take a closer look.
Amazon’s Recent Purchases
In recent years, Amazon has been making some big purchases in the tech industry. In 2021, they acquired MGM Studios for a whopping $8.45 billion. This move was seen as a way for Amazon to compete with other streaming services like Netflix and Disney+. However, when it comes to stock purchases, Amazon has been relatively quiet.
Tesla’s Recent Purchases
Tesla, on the other hand, has been making some big moves in the world of cryptocurrency. In 2021, Elon Musk announced that Tesla had purchased $1.5 billion worth of Bitcoin. This move was seen as a way for Tesla to diversify its investments and hedge against inflation. However, since then, Musk has been vocal about his concerns with Bitcoin’s environmental impact and has since pulled back on Tesla’s involvement in the cryptocurrency.
What Stock Are They Buying?
While it’s impossible to know for sure what stock Jeff Bezos and Elon Musk are buying in 2023, we can make some educated guesses based on their previous investments and interests. One company that both men have shown an interest in is SpaceX. In fact, Bezos has even sued the US government over the awarding of a contract to SpaceX for a lunar landing mission. Another company that both men have shown an interest in is Rivian. Rivian is an electric vehicle startup that has been gaining a lot of attention in recent years. In fact, Amazon has already placed an order for 100,000 electric delivery vans from Rivian. Elon Musk has also spoken positively about Rivian in the past, calling them a “potential competitor” for Tesla.
Conclusion
While we may never know for sure what stock Jeff Bezos and Elon Musk are buying in 2023, it’s clear that both men have their eyes on the future. Whether it’s investing in electric vehicles or space exploration, these two billionaires are always looking for the next big thing. As investors, we can learn a lot from their strategies and decisions. So, if you’re looking for some inspiration for your own investments, keep an eye on what these two titans of industry are up to.