Connect the Dots

Event

Musk’s “Gamestonk!!” post, 26 January 2021

At 4:08 p.m. on 26 January 2021 Elon Musk posted “Gamestonk!!” with a link to the wallstreetbets forum; Robinhood staff saw a spike in new accounts after it.

4 links, 4 backed by primary records

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Dates
26 Jan 2021

The House staff report on the GameStop episode records the post. Elon Musk is not among the witnesses at the Game Stopped? hearing.

Connections 4

involved

  • Elon Musk posted it Primary record 1
  • Robinhood Markets its employees saw account sign-ups spike afterwards Primary record 1
  • Gabe Plotkin asked at the 18 February 2021 hearing whether the post targeted Melvin Capital Primary record 2

    Representative Stivers asked whether the post was aimed at Plotkin because Melvin had once shorted Tesla. Plotkin declined to speculate about the post’s effect or Musk’s motives.

part of

  • GameStop short squeeze Primary record 1

    The staff report records the post and the sign-up spike. It does not say the post moved GameStop’s price.

Timeline 1 date
  1. 26 Jan 2021 Musk’s “Gamestonk!!” post, 26 January 2021
Proof 2 sources
  1. Game Stopped: How the Meme Stock Market Event Exposed Troubling Business Practices, Inadequate Risk Management, and the Need for Regulatory and Legislative Reform (Majority staff report), House Committee on Financial Services, 24 Jun 2022. Primary record
    Tesla CEO Elon Musk tweeted “Gamestonk!!” with a link to the wallstreetbets subreddit.
    they observed a historical spike directly following Mr. Musk’s tweet.
  2. Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide (House hearing of 18 February 2021, Serial No. 117-3), U.S. Government Publishing Office, 2022. Primary record
    Then, do you believe that tweet was targeting you because you had shorted Tesla stock in the past?
    I don't want to speculate on what the actions of his tweet were. The stock did rise after hours.
    That would be pure speculation as to his motives in putting that tweet out.
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